Somewhat Positive Media Coverage Somewhat Unlikely to Affect Numerex Corp. (NMRX) Stock Price

Media headlines about Numerex Corp. (NASDAQ:NMRX) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Numerex Corp. earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.3646069140864 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of analysts recently weighed in on the company. ValuEngine downgraded Numerex Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. Canaccord Genuity increased their price target on Numerex Corp. from $4.50 to $5.50 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Numerex Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.33.

Shares of Numerex Corp. (NMRX) traded down 0.51% during mid-day trading on Thursday, reaching $3.91. The company’s stock had a trading volume of 10,325 shares. The firm’s market cap is $76.93 million. The company’s 50-day moving average is $3.90 and its 200 day moving average is $4.27. Numerex Corp. has a 12 month low of $3.68 and a 12 month high of $9.01.

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Numerex Corp. Company Profile

Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Company offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. Its technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users.

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