683 Capital Management LLC Acquires New Position in KORU Medical Systems, Inc. (NASDAQ:KRMD)

683 Capital Management LLC acquired a new position in shares of KORU Medical Systems, Inc. (NASDAQ:KRMD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 88,206 shares of the company's stock, valued at approximately $340,000. 683 Capital Management LLC owned 0.19% of KORU Medical Systems at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Light Asset Management LLC raised its holdings in shares of KORU Medical Systems by 5.7% in the 4th quarter. First Light Asset Management LLC now owns 5,915,434 shares of the company's stock worth $22,774,000 after purchasing an additional 316,509 shares during the period. Topline Capital Management LLC acquired a new stake in KORU Medical Systems during the 4th quarter worth approximately $16,660,000. Geode Capital Management LLC lifted its position in KORU Medical Systems by 6.5% during the third quarter. Geode Capital Management LLC now owns 462,128 shares of the company's stock valued at $1,262,000 after buying an additional 28,323 shares in the last quarter. White Pine Capital LLC increased its position in shares of KORU Medical Systems by 25.6% in the fourth quarter. White Pine Capital LLC now owns 157,917 shares of the company's stock worth $608,000 after acquiring an additional 32,176 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of KORU Medical Systems by 11.2% in the 4th quarter. Northern Trust Corp now owns 79,175 shares of the company's stock valued at $305,000 after acquiring an additional 7,967 shares during the period. 58.60% of the stock is owned by institutional investors and hedge funds.

KORU Medical Systems Stock Down 3.2 %

KRMD traded down $0.09 on Monday, reaching $2.76. The company's stock had a trading volume of 98,610 shares, compared to its average volume of 140,838. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.37. KORU Medical Systems, Inc. has a 1 year low of $1.86 and a 1 year high of $5.05. The business's 50 day moving average is $2.67 and its 200 day moving average is $3.38. The stock has a market cap of $127.35 million, a price-to-earnings ratio of -11.04 and a beta of 0.39.

Analyst Upgrades and Downgrades

Several research analysts have commented on KRMD shares. B. Riley raised KORU Medical Systems to a "strong-buy" rating in a research report on Thursday, March 13th. Lake Street Capital boosted their price target on KORU Medical Systems from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Piper Sandler restated a "neutral" rating and issued a $4.50 price target on shares of KORU Medical Systems in a report on Friday, February 14th. Finally, Craig Hallum lifted their price objective on shares of KORU Medical Systems from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $4.70.

About KORU Medical Systems

KORU Medical Systems, Inc develops and manufactures medical devices and supplies in the United States and internationally. It offers the freedom infusion systems to deliver life-saving therapies to patients with chronic illnesses, such as primary immunodeficiency diseases, chronic inflammatory demyelinating polyneuropathy, and paroxysmal nocturnal hemoglobinuria.