KORU Medical Systems, Inc. (NASDAQ:KRMD) Shares Sold by Adirondack Retirement Specialists Inc.

Adirondack Retirement Specialists Inc. lessened its position in KORU Medical Systems, Inc. (NASDAQ:KRMD – Get Rating) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,079 shares of the company’s stock after selling 76,415 shares during the period. KORU Medical Systems makes up 0.3% of Adirondack Retirement Specialists Inc.’s portfolio, making the stock its 20th biggest position. Adirondack Retirement Specialists Inc. owned approximately 0.15% of KORU Medical Systems worth $247,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. First Light Asset Management LLC increased its stake in KORU Medical Systems by 2.8% during the 3rd quarter. First Light Asset Management LLC now owns 6,273,773 shares of the company’s stock valued at $13,991,000 after buying an additional 170,839 shares during the period. Vanguard Group Inc. increased its stake in KORU Medical Systems by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,345,904 shares of the company’s stock valued at $3,001,000 after buying an additional 4,600 shares during the period. B. Riley Asset Management LLC increased its stake in KORU Medical Systems by 1.6% during the 3rd quarter. B. Riley Asset Management LLC now owns 773,925 shares of the company’s stock valued at $1,726,000 after buying an additional 12,500 shares during the period. Parkman Healthcare Partners LLC increased its stake in KORU Medical Systems by 1.2% during the 3rd quarter. Parkman Healthcare Partners LLC now owns 683,466 shares of the company’s stock valued at $1,524,000 after buying an additional 8,032 shares during the period. Finally, Meros Investment Management LP increased its stake in KORU Medical Systems by 7.7% during the 1st quarter. Meros Investment Management LP now owns 294,286 shares of the company’s stock valued at $841,000 after buying an additional 21,157 shares during the period. Institutional investors and hedge funds own 36.08% of the company’s stock.

KORU Medical Systems Stock Up 4.2 %

KORU Medical Systems stock opened at $4.00 on Monday. The stock has a market cap of $182.44 million, a price-to-earnings ratio of -21.05 and a beta of 0.40. KORU Medical Systems, Inc. has a 52 week low of $1.82 and a 52 week high of $4.48. The company has a current ratio of 5.57, a quick ratio of 4.11 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $4.01 and its two-hundred day moving average price is $3.68.

KORU Medical Systems (NASDAQ:KRMD – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. KORU Medical Systems had a negative return on equity of 26.19% and a negative net margin of 29.39%. The business had revenue of $7.35 million during the quarter, compared to analyst estimates of $7.46 million. On average, analysts expect that KORU Medical Systems, Inc. will post -0.18 EPS for the current fiscal year.

About KORU Medical Systems

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KORU Medical Systems, Inc engages in the design, manufacture, and market of proprietary medical devices. Its product portfolio includes FREEDOM60, FreedomEdge syringe drivers, Precision Flow Rate Tubing, and HIgH-Flo Subcutaneous Safety Needle Sets. The company was founded by Andrew I. Sealfon and Adrian W.