KORE Group Holdings, Inc. (NYSE:KORE – Get Rating) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 117,300 shares, a growth of 19.8% from the May 31st total of 97,900 shares. Based on an average trading volume of 182,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.
Shares of KORE traded down $0.06 during mid-day trading on Tuesday, hitting $2.86. 2,225 shares of the company’s stock were exchanged, compared to its average volume of 327,864. The firm has a fifty day moving average of $4.01 and a two-hundred day moving average of $5.14. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.20 and a current ratio of 2.47. KORE Group has a twelve month low of $2.76 and a twelve month high of $9.50.
KORE Group (NYSE:KORE – Get Rating) last posted its earnings results on Monday, May 16th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $68.94 million during the quarter, compared to the consensus estimate of $62.47 million. Equities analysts expect that KORE Group will post -0.32 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. Morgan Stanley dropped their price objective on shares of KORE Group to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of KORE Group from $7.50 to $6.00 in a research note on Tuesday, May 17th. Finally, Cowen reduced their price objective on KORE Group from $18.00 to $12.50 and set an “outperform” rating for the company in a research report on Thursday, March 10th.
KORE Group Company Profile (Get Rating)
KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services.
- Get a free copy of the StockNews.com research report on KORE Group (KORE)
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