KORE Group (NYSE:KORE) Given New $2.50 Price Target at TD Cowen

KORE Group (NYSE:KORE) had its price target boosted by TD Cowen from $2.00 to $2.50 in a research note released on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

KORE Group Stock Performance

Shares of KORE Group stock opened at $1.85 on Wednesday. The business’s fifty day simple moving average is $2.07 and its 200 day simple moving average is $2.49. The company has a current ratio of 1.30, a quick ratio of 1.24 and a debt-to-equity ratio of 13.25. KORE Group has a 12 month low of $1.30 and a 12 month high of $6.45. The firm has a market capitalization of $33.47 million, a P/E ratio of -0.26 and a beta of 2.47.

Hedge Funds Weigh In On KORE Group

An institutional investor recently raised its position in KORE Group stock. Renaissance Technologies LLC grew its position in shares of KORE Group Holdings, Inc. (NYSE:KORE) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,200 shares of the company’s stock after buying an additional 6,300 shares during the period. Renaissance Technologies LLC owned 0.57% of KORE Group worth $40,000 at the end of the most recent reporting period. Institutional investors own 57.45% of the company’s stock.

KORE Group Company Profile

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 for the business market. The company’s products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.