Live Price Coverage: Will Numerex Corp. Run Out of Steam Soon?

Live Price Coverage: Will Numerex Corp. Run Out of Steam Soon?

The stock of Numerex Corp. (NASDAQ:NMRX) hit a new 52-week high and has $9.23 target or 9.00% above today’s $8.47 share price. The 8 months bullish chart indicates low risk for the $168.71M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $9.23 price target is reached, the company will be worth $15.18 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.93% or $0.16 during the last trading session, hitting $8.47. About 18,545 shares traded hands. Numerex Corp. (NASDAQ:NMRX) has risen 8.91% since April 22, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.

Analysts await Numerex Corp. (NASDAQ:NMRX) to report earnings on March, 13. They expect $-0.08 EPS, 0.00% or $0.00 from last year’s $-0.08 per share. After $-0.12 actual EPS reported by Numerex Corp. for the previous quarter, Wall Street now forecasts -33.33% EPS growth.

Numerex Corp. (NASDAQ:NMRX) Ratings Coverage

Out of 3 analysts covering Numerex Corp (NASDAQ:NMRX), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Numerex Corp has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Tuesday, May 10 the stock rating was downgraded by Canaccord Genuity to “Hold”. B. Riley & Co initiated the shares of NMRX in a report on Friday, April 15 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, March 15 report. The stock of Numerex Corp. (NASDAQ:NMRX) earned “Neutral” rating by Sidoti on Thursday, November 5. Zacks downgraded the shares of NMRX in a report on Friday, August 7 to “Hold” rating.

According to Zacks Investment Research, “Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company’s solutions produce new revenue streams or create operating efficiencies for its customers. Numerex provides its technology and services through its integrated platforms, which are generally sold on a subscription basis. The Company offers a portfolio of managed end-to-end IoT solutions including smart devices, network connectivity and service applications capable of addressing the needs of a wide spectrum of vertical markets and industrial customers. The Company’s mission is to empower enterprise operations with world-class, managed IoT solutions that are simple, innovative, scalable, and secure. Numerex is ISO 27001 information security-certified, highlighting the Company’s focus on data security, service reliability and around-the-clock support of its customers.”

Insitutional Activity: The institutional sentiment increased to 4.8 in 2016 Q2. Its up 1.67, from 3.13 in 2016Q1. The ratio is positive, as 4 funds sold all Numerex Corp. shares owned while 4 reduced positions. 15 funds bought stakes while 10 increased positions. They now own 5.82 million shares or 180.40% more from 2.08 million shares in 2016Q1.
Bridgeway Mngmt, a Texas-based fund reported 52,908 shares. Moreover, Blackrock Advsrs has 0% invested in Numerex Corp. (NASDAQ:NMRX) for 3,611 shares. Springbok Capital Limited Liability Co holds 7,370 shares or 0.01% of its portfolio. Dimensional Fund Advsrs Limited Partnership holds 0% or 319,948 shares in its portfolio. Northern Trust Corporation holds 171,798 shares or 0% of its portfolio. National Bank Of America De has invested 0% of its portfolio in Numerex Corp. (NASDAQ:NMRX). Nationwide Fund Advsrs last reported 0% of its portfolio in the stock. Ladenburg Thalmann Serv holds 0% of its portfolio in Numerex Corp. (NASDAQ:NMRX) for 8,600 shares. Royal Bank Of Canada has 0% invested in the company for 1,850 shares. Blackrock Fund Advsr, a California-based fund reported 359,269 shares. Zacks accumulated 0% or 11,073 shares. The Illinois-based Sphinx Trading L P has invested 0% in Numerex Corp. (NASDAQ:NMRX). Moreover, Citigroup has 0% invested in Numerex Corp. (NASDAQ:NMRX) for 1,379 shares. The California-based California Public Employees Retirement has invested 0% in Numerex Corp. (NASDAQ:NMRX). Blackrock Investment Mngmt Ltd Liability Co reported 52,015 shares or 0% of all its holdings.

More recent Numerex Corp. (NASDAQ:NMRX) news were published by: Marketwatch.com which released: “NumereX started at buy with $9.50 stock price target at B. Riley” on December 21, 2009. Also Seekingalpha.com published the news titled: “Numerex Starting To Produce Positive Results” on November 15, 2016. Equitiesfocus.com‘s news article titled: “Numerex Corp. (NASDAQ:NMRX) Quarterly EPS From Continuing Operations Stands At …” with publication date: November 25, 2016 was also an interesting one.

NMRX Company Profile

Numerex Corp., incorporated on March 7, 1994, is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Firm offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. The Company’s technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users. The Firm provides various enabling value-added services through the go-to-market process for its clients by simplifying the IoT implementation through its cloud and horizontal IoT platform. The Company’s offerings include cellular, satellite, broadband and wireline networks across the world to transmit data.

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