KORU Medical Systems, Inc. (NASDAQ:KRMD – Get Free Report) CFO Thomas Edward Adams acquired 5,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $3.86 per share, with a total value of $21,230.00. Following the purchase, the chief financial officer owned 308,147 shares in the company, valued at approximately $1,189,447.42. The trade was a 1.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
KORU Medical Systems Price Performance
NASDAQ KRMD opened at $4.00 on Thursday. KORU Medical Systems, Inc. has a 12 month low of $2.63 and a 12 month high of $6.61. The company has a 50-day moving average of $4.19 and a 200-day moving average of $4.84. The company has a market cap of $183.72 million, a P/E ratio of -80.00 and a beta of 0.43.
KORU Medical Systems (NASDAQ:KRMD – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). KORU Medical Systems had a negative net margin of 5.27% and a negative return on equity of 13.61%. The company had revenue of $11.76 million during the quarter, compared to the consensus estimate of $11.28 million. As a group, equities research analysts anticipate that KORU Medical Systems, Inc. will post -0.04 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
KRMD has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of KORU Medical Systems from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. B. Riley Financial increased their target price on KORU Medical Systems from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Canaccord Genuity Group restated a “buy” rating and set a $6.00 price objective on shares of KORU Medical Systems in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of KORU Medical Systems in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.25.
Get Our Latest 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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