Favorable Media Coverage Somewhat Unlikely to Impact Numerex (NMRX) Share Price
Media stories about Numerex (NASDAQ:NMRX) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Numerex earned a daily sentiment score of 0.34 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 44.5537577434627 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several equities research analysts recently issued reports on NMRX shares. ValuEngine lowered shares of Numerex from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. Canaccord Genuity reissued a “hold” rating and issued a $4.50 target price on shares of Numerex in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.67.
Numerex (NASDAQ NMRX) opened at $3.83 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $75.36, a P/E ratio of -3.45 and a beta of 0.45. Numerex has a 52 week low of $3.38 and a 52 week high of $9.01.
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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