XTX Topco Ltd Acquires Shares of 12,602 KORU Medical Systems, Inc. (NASDAQ:KRMD)

XTX Topco Ltd bought a new position in KORU Medical Systems, Inc. (NASDAQ:KRMD) during the third quarter, Holdings Channel reports. The fund bought 12,602 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors also recently modified their holdings of the business. Meros Investment Management LP boosted its stake in KORU Medical Systems by 20.7% during the second quarter. Meros Investment Management LP now owns 804,380 shares of the company’s stock worth $2,132,000 after acquiring an additional 137,918 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of KORU Medical Systems by 77.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,412 shares of the company’s stock worth $168,000 after purchasing an additional 26,860 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of KORU Medical Systems in the 2nd quarter worth approximately $107,000. Legato Capital Management LLC bought a new position in KORU Medical Systems during the 2nd quarter valued at approximately $35,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in KORU Medical Systems during the second quarter valued at $28,000. 58.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KRMD. Piper Sandler increased their target price on KORU Medical Systems from $3.00 to $3.50 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Canaccord Genuity Group raised their price objective on shares of KORU Medical Systems from $3.00 to $4.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Craig Hallum upped their target price on shares of KORU Medical Systems from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th.

KORU Medical Systems Price Performance

NASDAQ KRMD opened at $4.02 on Monday. KORU Medical Systems, Inc. has a one year low of $1.98 and a one year high of $4.60. The stock has a 50-day moving average of $3.30 and a 200 day moving average of $2.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 2.99. The company has a market capitalization of $184.26 million, a price-to-earnings ratio of -16.08 and a beta of 0.48.

About KORU Medical Systems

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.