Favorable Press Coverage Somewhat Unlikely to Affect Numerex (NASDAQ:NMRX) Stock Price

News articles about Numerex (NASDAQ:NMRX) have trended positive this week, Accern reports. The research firm scores the sentiment of press 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 positive one, with scores nearest to one being the most favorable. Numerex earned a news impact score of 0.29 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 44.9063650443083 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Separately, Canaccord Genuity reduced their price target on shares of Numerex from $4.50 to $3.50 and set a “hold” rating for the company in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.67.

Numerex (NMRX) traded down $0.05 during midday trading on Wednesday, hitting $3.83. 44,300 shares of the stock were exchanged, compared to its average volume of 43,699. Numerex has a 1-year low of $3.38 and a 1-year high of $9.01. The stock has a market capitalization of $75.36, a price-to-earnings ratio of -3.45 and a beta of 0.45. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.24.

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Numerex 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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