KORU Medical Systems, Inc. (NASDAQ:KRMD – Get Free Report) insider Adam Kalbermatten acquired 32,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was purchased at an average cost of $3.16 per share, with a total value of $101,120.00. Following the completion of the transaction, the insider owned 394,017 shares in the company, valued at $1,245,093.72. The trade was a 8.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
KORU Medical Systems Stock Performance
Shares of KORU Medical Systems stock traded down $0.02 on Wednesday, reaching $3.15. 180,419 shares of the company were exchanged, compared to its average volume of 176,421. The company’s 50-day moving average is $3.77 and its two-hundred day moving average is $4.07. The firm has a market cap of $144.68 million, a price-to-earnings ratio of -78.75 and a beta of 0.43. KORU Medical Systems, Inc. has a 1-year low of $3.12 and a 1-year high of $6.61.
KORU Medical Systems (NASDAQ:KRMD – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. KORU Medical Systems had a negative return on equity of 10.63% and a negative net margin of 4.03%.The firm had revenue of $12.05 million for the quarter, compared to analyst estimates of $11.62 million. As a group, sell-side analysts forecast that KORU Medical Systems, Inc. will post -0.02 earnings per share for the current year.
Institutional Trading of KORU Medical Systems
Analyst Ratings Changes
A number of research firms have weighed in on KRMD. Weiss Ratings downgraded KORU Medical Systems from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 19th. Craig Hallum reissued a “buy” rating and set a $6.00 price objective on shares of KORU Medical Systems in a report on Thursday, August 6th. Finally, Wall Street Zen cut shares of KORU Medical Systems from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.00.
Check Out Our Latest Stock Analysis on KRMD
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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