KORU Medical Systems (NASDAQ:KRMD) Price Target Raised to $8.00 at B. Riley Financial

KORU Medical Systems (NASDAQ:KRMDGet Free Report) had its price target hoisted by investment analysts at B. Riley Financial from $7.00 to $8.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s price target would indicate a potential upside of 83.02% from the company’s current price.

A number of other equities research analysts also recently weighed in on KRMD. Weiss Ratings reissued a “sell (d-)” rating on shares of KORU Medical Systems in a research note on Thursday, January 22nd. Craig Hallum reaffirmed a “buy” rating and set a $7.00 target price on shares of KORU Medical Systems in a report on Tuesday, January 13th. Wall Street Zen upgraded shares of KORU Medical Systems from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 12th. Canaccord Genuity Group increased their price target on KORU Medical Systems from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, Lake Street Capital lifted their price objective on KORU Medical Systems from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.50.

View Our Latest Analysis on KORU Medical Systems

KORU Medical Systems Trading Up 1.4%

KORU Medical Systems stock traded up $0.06 during mid-day trading on Friday, hitting $4.37. The stock had a trading volume of 225,321 shares, compared to its average volume of 197,323. The stock has a 50-day simple moving average of $5.13 and a two-hundred day simple moving average of $4.79. The stock has a market capitalization of $202.46 million, a PE ratio of -54.50 and a beta of 0.47. KORU Medical Systems has a 12 month low of $1.86 and a 12 month high of $6.61. The company has a current ratio of 2.48, a quick ratio of 1.92 and a debt-to-equity ratio of 0.01.

KORU Medical Systems (NASDAQ:KRMDGet Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. KORU Medical Systems had a negative return on equity of 22.43% and a negative net margin of 9.49%.The firm had revenue of $10.90 million during the quarter, compared to analysts’ expectations of $10.90 million. As a group, sell-side analysts forecast that KORU Medical Systems will post -0.13 EPS for the current year.

Hedge Funds Weigh In On KORU Medical Systems

Several institutional investors and hedge funds have recently modified their holdings of KRMD. Lakewood Asset Management LLC raised its holdings in KORU Medical Systems by 2.8% during the 4th quarter. Lakewood Asset Management LLC now owns 73,945 shares of the company’s stock worth $430,000 after buying an additional 2,000 shares during the period. BNP Paribas Financial Markets increased its position in shares of KORU Medical Systems by 52.1% during the third quarter. BNP Paribas Financial Markets now owns 10,148 shares of the company’s stock worth $39,000 after acquiring an additional 3,478 shares in the last quarter. White Pine Capital LLC increased its position in shares of KORU Medical Systems by 1.6% during the second quarter. White Pine Capital LLC now owns 225,425 shares of the company’s stock worth $807,000 after acquiring an additional 3,526 shares in the last quarter. Barclays PLC raised its holdings in shares of KORU Medical Systems by 8.8% during the fourth quarter. Barclays PLC now owns 67,442 shares of the company’s stock worth $392,000 after acquiring an additional 5,457 shares during the period. Finally, Invesco Ltd. lifted its position in KORU Medical Systems by 24.8% in the 4th quarter. Invesco Ltd. now owns 27,873 shares of the company’s stock valued at $162,000 after acquiring an additional 5,546 shares in the last quarter. 58.60% of the stock is currently owned by institutional investors and hedge funds.

More KORU Medical Systems News

Here are the key news stories impacting KORU Medical Systems this week:

About KORU Medical Systems

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for KORU Medical Systems (NASDAQ:KRMD)

Receive News & Ratings for KORU Medical Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KORU Medical Systems and related companies with MarketBeat.com's FREE daily email newsletter.