Analysis and Memex Inc (OEE) Earnings Review

Wall Street await Memex Inc (CVE:OEE) to release earnings on March, 16. The stock increased 6.67% or $0.01 on March 14, hitting $0.16. About 402,000 shares traded hands or 7.33% up from the average. Memex Inc (CVE:OEE) has risen 6.00% since February 14, 2016 and is uptrending. It has outperformed by 8.79% the S&P500.

Memex Inc is a Canada-based provider of Industrial Internet of Things technology. The company has a market cap of $14.92 million. The Company’s flaghship product, the MERLIN IIoT communications platform, reveals hidden factories when clients replace subjective data collection with software. It currently has negative earnings. MERLIN connects industrial machines and delivers manufacturing productivity metrics, providing manufacturing analytics in real-time from the shop floor to the top floor.

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