Albion Financial Group UT lowered its position in shares of KORU Medical Systems, Inc. (NASDAQ:KRMD - Free Report) by 22.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 441,374 shares of the company's stock after selling 125,000 shares during the quarter. Albion Financial Group UT owned approximately 0.96% of KORU Medical Systems worth $1,121,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in KRMD. Topline Capital Management LLC acquired a new position in shares of KORU Medical Systems during the fourth quarter worth about $16,660,000. First Light Asset Management LLC raised its stake in KORU Medical Systems by 5.7% in the fourth quarter. First Light Asset Management LLC now owns 5,915,434 shares of the company's stock valued at $22,774,000 after buying an additional 316,509 shares during the period. 683 Capital Management LLC bought a new stake in KORU Medical Systems in the fourth quarter valued at approximately $340,000. Russell Investments Group Ltd. raised its stake in KORU Medical Systems by 41,806.9% in the fourth quarter. Russell Investments Group Ltd. now owns 67,051 shares of the company's stock valued at $258,000 after buying an additional 66,891 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in KORU Medical Systems in the fourth quarter valued at approximately $143,000. Institutional investors own 58.60% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on KRMD shares. Piper Sandler lowered their target price on KORU Medical Systems from $4.50 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. B. Riley raised KORU Medical Systems to a "strong-buy" rating in a report on Thursday, March 13th. One 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. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $4.50.
View Our Latest Stock Analysis on KRMD
KORU Medical Systems Price Performance
Shares of NASDAQ KRMD traded down $0.11 during mid-day trading on Wednesday, hitting $3.58. 68,442 shares of the stock traded hands, compared to its average volume of 142,144. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.44 and a quick ratio of 2.02. KORU Medical Systems, Inc. has a twelve month low of $1.86 and a twelve month high of $5.05. The company has a market cap of $164.95 million, a PE ratio of -32.50 and a beta of 0.52. The firm has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $3.33.
KORU Medical Systems (NASDAQ:KRMD - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $9.64 million for the quarter, compared to analyst estimates of $8.86 million. KORU Medical Systems had a negative net margin of 15.09% and a negative return on equity of 30.43%. As a group, equities research analysts forecast that KORU Medical Systems, Inc. will post -0.13 EPS for the current fiscal year.
KORU Medical Systems Profile
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Free Report)
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.
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