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Numerex (NMRX) Jumps: Stock Adds 10.2% in Session

Zacks Equity Research

Numerex Corp. (NMRX) was a big mover last session, as its shares rose over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the volatile price range of $10.01 to $10.99 in the past one-month timeframe.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Numerex currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Other better-ranked stocks in the communication components industry include SeaChange International Inc. (SEAC), Premiere Global Services, Inc. (PGI) and Harmonic Inc. (HLIT). All three carry a Zacks Rank #2 (Buy).

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