KORU Medical Systems (NASDAQ:KRMD) Upgraded to “Strong-Buy” at B. Riley

B. Riley upgraded shares of KORU Medical Systems (NASDAQ:KRMDFree Report) to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on KRMD. Piper Sandler restated a “neutral” rating and set a $4.50 price target on shares of KORU Medical Systems in a research note on Friday, February 14th. Craig Hallum increased their price objective on KORU Medical Systems from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Lake Street Capital increased their price objective 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. Finally, Canaccord Genuity Group increased their price objective on KORU Medical Systems from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, KORU Medical Systems has a consensus rating of “Buy” and a consensus price target of $4.70.

Read Our Latest Analysis on KORU Medical Systems

KORU Medical Systems Price Performance

KORU Medical Systems stock opened at $2.77 on Thursday. KORU Medical Systems has a 12 month low of $2.04 and a 12 month high of $5.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.99 and a quick ratio of 2.37. The business has a 50 day simple moving average of $3.94 and a 200-day simple moving average of $3.39. The stock has a market capitalization of $126.97 million, a PE ratio of -11.08 and a beta of 0.74.

Institutional Trading of KORU Medical Systems

Large investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in KORU Medical Systems in the third quarter valued at $34,000. JPMorgan Chase & Co. grew its holdings in KORU Medical Systems by 2,770.7% in the fourth quarter. JPMorgan Chase & Co. now owns 17,712 shares of the company’s stock valued at $68,000 after purchasing an additional 17,095 shares during the last quarter. Virtu Financial LLC acquired a new stake in KORU Medical Systems in the fourth quarter valued at $73,000. Vivaldi Capital Management LP acquired a new stake in KORU Medical Systems in the fourth quarter valued at $82,000. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of KORU Medical Systems during the fourth quarter valued at $84,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

KORU Medical Systems Company Profile

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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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Analyst Recommendations for KORU Medical Systems (NASDAQ:KRMD)

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