Numerex (NMRX) in Focus: Stock Adds 6.8% in Session
Numerex Corp. NMRX was a big mover last session, as the company saw its shares rise roughly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 29% in the past one-month time frame.
In the last 7 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Numerex currently carries a Zacks Rank #5 (Strong Sell).
A better-ranked stock in the Communications Components industry is AudioCodes Ltd. AUDC, which sports a Zacks Rank #1 (Strong Buy).
Is NMRX going up? Or down? Predict to see what others think: Up or Down
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AUDIOCODES LTD (AUDC): Free Stock Analysis Report
NUMEREX CP-CL A (NMRX): Free Stock Analysis Report
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