KORU Medical Systems, Inc. (NASDAQ:KRMD – Get Free Report) insider Adam Kalbermatten purchased 12,500 shares of KORU Medical Systems stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $3.94 per share, with a total value of $49,250.00. Following the transaction, the insider directly owned 312,500 shares in the company, valued at approximately $1,231,250. The trade was a 4.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
KORU Medical Systems Stock Down 1.5%
NASDAQ KRMD opened at $3.88 on Thursday. The firm has a market capitalization of $178.21 million, a P/E ratio of -77.60 and a beta of 0.43. KORU Medical Systems, Inc. has a 52 week low of $2.91 and a 52 week high of $6.61. The company has a 50-day moving average price of $4.08 and a 200-day moving average price of $4.79.
Institutional Investors Weigh In On KORU Medical Systems
Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in KORU Medical Systems by 52.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock worth $39,000 after buying an additional 3,478 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in KORU Medical Systems in the 2nd quarter worth $59,000. Acadian Asset Management LLC purchased a new stake in KORU Medical Systems in the 1st quarter worth $63,000. Arrowstreet Capital Limited Partnership purchased a new stake in KORU Medical Systems in the 1st quarter worth $79,000. Finally, Invesco Ltd. purchased a new stake in KORU Medical Systems in the 2nd quarter worth $80,000. Hedge funds and other institutional investors own 58.60% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on KORU Medical Systems
KORU Medical Systems Company Profile
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. Its products include the FREEDOM60 syringe infusion system, the FreedomEdge syringe driver, HIgH-Flo subcutaneous safety needle sets, and precision flow rate tubing products.
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