KORU Medical Systems (NASDAQ:KRMD) Price Target Raised to $5.00

KORU Medical Systems (NASDAQ:KRMD) had its price target upped by Craig Hallum from $4.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Several other research firms have also recently issued reports on KRMD. B. Riley started coverage on KORU Medical Systems in a research report on Thursday, July 25th. They issued a “buy” rating and a $4.00 price objective for the company. Piper Sandler raised their target price on shares of KORU Medical Systems from $3.00 to $3.50 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Canaccord Genuity Group lifted their price target on shares of KORU Medical Systems from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Thursday.

KORU Medical Systems Stock Up 2.9 %

Shares of NASDAQ KRMD opened at $3.17 on Thursday. The stock has a fifty day simple moving average of $2.67 and a 200-day simple moving average of $2.48. KORU Medical Systems has a twelve month low of $1.98 and a twelve month high of $3.40. The company has a quick ratio of 3.27, a current ratio of 2.99 and a debt-to-equity ratio of 0.01.

Institutional Trading of KORU Medical Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aaron Wealth Advisors LLC bought a new stake in KORU Medical Systems during the second quarter worth approximately $28,000. Allspring Global Investments Holdings LLC bought a new stake in KORU Medical Systems in the 2nd quarter valued at $28,000. XTX Topco Ltd bought a new stake in shares of KORU Medical Systems during the 3rd quarter valued at $34,000. Legato Capital Management LLC acquired a new position in KORU Medical Systems in the 2nd quarter worth about $35,000. Finally, Virtu Financial LLC acquired a new stake in shares of KORU Medical Systems in the first quarter valued at about $63,000. Institutional investors and hedge funds own 58.60% of the company’s stock.

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.