Numerex Corp (NMRX) Tops Q1 EPS by 9c

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Northland Capital Markets Downgrades Numerex (NMRX) to Market Perform

May 12, 2015 7:21 AM EDT

Northland Capital Markets downgraded Numerex (NASDAQ: NMRX) from Outperform to Market Perform with a price target of $10.00 (from $14.00) following Q1 results.

Analyst Michael Latimore commented, "Lowering rating to Market Perform from Outperform given modest organic service growth. 1Q service revenue of $16.5... More