Advisor Resource Council Buys New Shares in KORU Medical Systems, Inc. (NASDAQ:KRMD)

Advisor Resource Council bought a new stake in shares of KORU Medical Systems, Inc. (NASDAQ:KRMD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,500 shares of the company’s stock, valued at approximately $63,000.

Separately, Bard Associates Inc. lifted its stake in shares of KORU Medical Systems by 22.5% during the 4th quarter. Bard Associates Inc. now owns 26,710 shares of the company’s stock valued at $66,000 after buying an additional 4,910 shares in the last quarter. 58.60% of the stock is currently owned by institutional investors.

KORU Medical Systems Stock Performance

KRMD stock traded up $0.27 during mid-day trading on Thursday, hitting $2.54. The company had a trading volume of 64,804 shares, compared to its average volume of 341,775. KORU Medical Systems, Inc. has a 12-month low of $1.98 and a 12-month high of $3.55. The company has a quick ratio of 3.37, a current ratio of 4.01 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.23.

KORU Medical Systems (NASDAQ:KRMD) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The business had revenue of $8.20 million for the quarter, compared to analysts’ expectations of $7.49 million. KORU Medical Systems had a negative net margin of 45.24% and a negative return on equity of 25.10%. During the same quarter in the previous year, the company earned ($0.05) EPS. On average, research analysts predict that KORU Medical Systems, Inc. will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley restated a “buy” rating and set a $4.00 target price on shares of KORU Medical Systems in a research note on Thursday, March 14th.

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.