KORE Group (NYSE:KORE) Receives “Buy” Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of KORE Group (NYSE:KOREFree Report) in a report published on Friday, Benzinga reports. The brokerage currently has a $3.50 price target on the stock.

KORE Group Price Performance

Shares of NYSE KORE opened at $0.74 on Friday. KORE Group has a twelve month low of $0.32 and a twelve month high of $1.76. The company has a debt-to-equity ratio of 5.80, a current ratio of 1.47 and a quick ratio of 1.31. The firm has a 50-day moving average of $0.82 and a two-hundred day moving average of $0.73.

Institutional Trading of KORE Group

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in KORE Group by 4.7% during the first quarter. BlackRock Inc. now owns 65,390 shares of the company’s stock valued at $392,000 after buying an additional 2,951 shares in the last quarter. Bank of America Corp DE lifted its position in shares of KORE Group by 53.2% in the first quarter. Bank of America Corp DE now owns 9,364 shares of the company’s stock worth $56,000 after purchasing an additional 3,250 shares in the last quarter. Mirabella Financial Services LLP lifted its position in shares of KORE Group by 32.5% in the first quarter. Mirabella Financial Services LLP now owns 13,308 shares of the company’s stock worth $80,000 after purchasing an additional 3,265 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of KORE Group by 28.0% in the first quarter. JPMorgan Chase & Co. now owns 17,415 shares of the company’s stock worth $104,000 after purchasing an additional 3,805 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of KORE Group by 59.7% in the first quarter. Royal Bank of Canada now owns 22,231 shares of the company’s stock worth $134,000 after purchasing an additional 8,310 shares in the last quarter. 57.45% of the stock is owned by hedge funds and other institutional investors.

KORE Group Company Profile

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KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology and applications for the Machine-to-Machine market.

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Analyst Recommendations for KORE Group (NYSE:KORE)

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