First Analysis Upgrades Numerex Corp. to Equal-Weight with Price Target $5

Brokerage firm First Analysis Upgrades its rating on Numerex Corp.(NMRX). As per the latest information, First Analysis Lowers the price target to $5 per share from a prior target of $5.5. The shares have been rated Equal-Weight. Previously, the analysts had a Underweight rating on the shares. The rating by the stock financial advisor at First Analysis was issued on Mar 17, 2017 in a research report to their Investors and Clients.

Numerex Corp. (NMRX) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.22% at a volume of 28,170. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.6. The peak price level was also seen at $4.6 while the days lowest was $4.43. Finally the shares closed at $4.52. The 52-week high of the shares is $9.01 while the 52-week low is $4.3. According to the latest information available, the market cap of the company is $89 M.

Numerex Corp.(NMRX) last announced its earnings results on Mar 16, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $17.577M. Analysts had an estimated revenue of $17.650M. Earnings per share were $-0.17. Analysts had estimated an EPS of $-0.08.

Several Insider Transactions has been reported to the SEC. On Apr 4, 2016, Eric Singer (director) purchased 3,107 shares at $2.01 per share price.Also, On Nov 25, 2015, Shu Gan (Chief Marketing Officer) purchased 2,000 shares at $6.38 per share price.On Nov 16, 2015, Stratton J Nicolaines (director) purchased 10,000 shares at $6.45 per share price, according to the Form-4 filing with the securities and exchange commission.

Numerex Corp. is a provider of on-demand and interactive machine-to-machine enterprise solutions referred to as M2M. The Company’s integrated M2M horizontal platforms incorporate the key M2M elements of Device (D) Network (N) and Application (A) and are offered on a subscription basis through a service bureau. The Company provides a range of M2M business services technology and products used in the development and support of M2M solutions for the enterprise and government markets across the world. The Company builds platforms that are cloud-based and service-centric to facilitate the development deployment and use of its customers’ M2M Internet of Things (IoT) solutions. The Company also provides business services to enable the development of secure solutions while accelerating deployment. Its targeted vertical markets include supply chain asset tracking and security.

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