's stock had its "sell (d-)" rating reiterated by analysts at
Weiss Ratings in a report released on Wednesday,
Weiss Ratings reports.
KORE Group Stock Up 14.1%
KORE stock opened at $3.32 on Wednesday. KORE Group has a 52-week low of $1.10 and a 52-week high of $4.88. The stock has a market capitalization of $58.07 million, a price-to-earnings ratio of -0.84 and a beta of 1.69. The stock's fifty day simple moving average is $2.37 and its 200-day simple moving average is $2.42.
Hedge Funds Weigh In On KORE Group
A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in KORE Group in the first quarter worth about $29,000. Barings LLC acquired a new position in KORE Group in the first quarter valued at approximately $122,000. Finally, Diversified Trust Co acquired a new position in KORE Group in the second quarter valued at approximately $598,000. 57.45% of the stock is currently owned by institutional investors and hedge funds.
About KORE Group
(
Get Free Report)
KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company's products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.
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