Weiss Ratings Reiterates Sell (D-) Rating for KORE Group (NYSE:KORE)

KORE Group (NYSE:KORE)‘s stock had its “sell (d-)” rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

KORE Group Trading Up 14.1%

Shares of NYSE KORE opened at $3.32 on Wednesday. The stock has a 50 day simple moving average of $2.37 and a 200-day simple moving average of $2.42. The company has a market cap of $58.07 million, a PE ratio of -0.84 and a beta of 1.69. KORE Group has a 12-month low of $1.10 and a 12-month high of $4.88.

Hedge Funds Weigh In On KORE Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of KORE Group during the first quarter worth approximately $29,000. Diversified Trust Co bought a new stake in KORE Group during the second quarter worth approximately $598,000. Finally, Barings LLC bought a new stake in KORE Group during the first quarter worth approximately $122,000. 57.45% of the stock is currently owned by institutional investors and hedge funds.

About KORE Group

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.