KORE Group (KORE) Scheduled to Post Quarterly Earnings on Wednesday

KORE Group (NYSE:KORE) will be releasing its earnings data on Wednesday, April 3rd.

KORE Group Stock Down 9.4 %

Shares of KORE stock traded down $0.07 during mid-day trading on Tuesday, reaching $0.71. 84,356 shares of the company were exchanged, compared to its average volume of 142,147. KORE Group has a fifty-two week low of $0.32 and a fifty-two week high of $1.76. The company has a debt-to-equity ratio of 5.80, a quick ratio of 1.31 and a current ratio of 1.47. The company has a market capitalization of $61.87 million, a P/E ratio of -0.29 and a beta of 2.81. The business’s 50 day simple moving average is $0.86 and its 200 day simple moving average is $0.73.

Institutional Trading of KORE Group

A number of large investors have recently bought and sold shares of KORE. Renaissance Technologies LLC raised its holdings in shares of KORE Group by 75.1% during the 3rd quarter. Renaissance Technologies LLC now owns 41,500 shares of the company’s stock worth $79,000 after buying an additional 17,800 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of KORE Group during the 2nd quarter valued at about $71,000. Bank of New York Mellon Corp bought a new position in KORE Group in the first quarter worth approximately $67,000. DRW Securities LLC bought a new position in KORE Group in the second quarter worth approximately $63,000. Finally, Bank of America Corp DE lifted its holdings in shares of KORE Group by 727.2% in the fourth quarter. Bank of America Corp DE now owns 48,034 shares of the company’s stock valued at $61,000 after purchasing an additional 42,227 shares in the last quarter. 57.45% of the stock is currently owned by institutional investors.

About KORE Group

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.