Home Equities Score Check out this Repro Med Systems Inc. (KRMD) Analysis Before You Buy

Check out this Repro Med Systems Inc. (KRMD) Analysis Before You Buy

Repro Med Systems, Inc. dba KORU Medical Systems (NASDAQ: KRMD) stock was trading low in the after-hours as they dropped -13.06% to $4.46. Over the past three months, the stock’s price change was -21.08% and -1.91% over the five days. It is currently trading at a low of $53.15 and touched a high of $138.79 in the past 12 months.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.  

So, what are they good at…?

Infusion solutions that improve the quality of life for millions of patients worldwide are developed, manufactured, and commercialized by KORU Medical Systems (NASDAQ: KRMD).

Read More

What happened…

On January 25, 2021, the company reported preliminary financial results for the whole fiscal year ended December 31, 2020. Additionally, Jim Beck was named Interim Chief Executive Officer of the Company, effective immediately after serving as a KORU Medical Board member. Don Pettigrew has resigned from his position as President and CEO, and the Board of Directors has engaged a leading executive search firm to assist in hiring a new CEO.

For the full year 2020, preliminary revenue is expected to be $24.0 million, an increase of 3.4% from $23.2 million in 2019.

Preliminary cash, cash equivalents, marketable securities, and other pro forma financial assets are projected to amount to $27.3 million at the end of 2020, compared to $5.9 million at the end of 2019.

Meanwhile, the Company noted several factors that impacted preliminary 2020 results, including the significant demand fluctuations resulting from large-scale inventory purchasing. Growth in net revenue was slower due to strengthening the Company’s purchasing power with large customers. International sales and clinical trial partnerships performed less than expected in the second half of 2020. State and local guidelines prevented many people from seeking care from their healthcare professionals in 2020, resulting in a slowdown in new patient starts.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Conclusively…

Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can gather important information from reading the tea leaves about who is buying and selling.65.79% of this stock is owned by institutions, while insiders hold 4.40%. The top institutional shareholder is Horton Capital Management, LLC with 29.66%, followed by First Light Asset Management, LLC with 18.19%.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Nano Dimension (NNDM) Leapt 7% In Aftermarket Trading On Friday?

After-hours trading on Friday saw Nano Dimension Corp (Nasdaq: NNDM) hit $7.97 a share rising 4.73%. The stock saw a decline of -2.31% to...

What Caused The Anchiano Therapeutics (ANCN) To Continue Rally After-Hours?

The clinical-stage biotech company Anchiano Therapeutics Ltd. (Nasdaq: ANCN) saw its stock rising 40.12% in after-hours trades on Friday. The price of the company’s...

Are The Financial Results Weighing On Senseonics (SENS) Stock In Premarket Today?

Shares of medical technology Senseonics Holdings, Inc. (NYSE American: SENS) has been declining -9.67% in pre-market session today falling to a price level of...

ReTo Eco-Solutions, Inc. (RETO) Stock Fell 6% In Pre-Market Trading

The provider of technology solutions around ecological environments ReTo Eco-Solutions, Inc. (NASDAQ: RETO) has been facing a drop in its stock price in pre-market...

Fulgent Genetics (FLGT) Stock Rocketed 34.46% In Extended Trading Following Strong Financial Results

Shares of the testing services and comprehensive testing solutions technology company Fulgent Genetics, Inc. (NASDAQ: FLGT) rocketed 34.46% in the after-hour trades on Thursday....

After An Impressive 300% Rally, Why Did Second Sight Medical Products (EYES) Get Dropped After-Hours?

Shares of the implantable visual prosthetics company, Second Sight Medical Products, Inc. (NASDAQ: EYES) have seen a fall of -12.61% in after-hours trading on...

After-Hours Market: More Gains For Bionano Genomics (BNGO)

Bionano Genomics, Inc. (Nasdaq: BNGO) saw its stock price continue rising even after the ring of the bell on Friday. The company gained 7.13%...

Adaptive Biotechnologies Corporation (ADPT) Leapt 18% In Extended Trading. Here’s Why?

Adaptive Biotechnologies Corporation (Nasdaq: ADPT), a commercial-stage biotechnology company that aims to translate the genetics of the adaptive immune system into clinical products to diagnose and treat disease, has seen its share price surging 18.16% in extended trading to $49.90.

Related News

After An Impressive 300% Rally, Why Did Second Sight Medical Products (EYES) Get Dropped After-Hours?

Shares of the implantable visual prosthetics company, Second Sight Medical Products, Inc. (NASDAQ: EYES) have seen a fall of -12.61% in after-hours trading on...

Why CLPS Inc. (CLPS) Stock Is Rising 30% In Pre-Market Session? Here Is An Explanation

Shares of the information technology firm CLPS Incorporation (Nasdaq: CLPS) have been climbing in the early pre-market session today. As of 08:06 a.m. EST,...

Why The Stock of Jaws Acquisition (JWS) Has Risen 12% After-Hours?

Share of the blank check company Jaws Acquisition Corp. (NYSE: JWS) has risen 11.99% in extended trading on Thursday. The company saw its share...

The Driving Force Behind 10% After-Hour Increase In Resideo Technologies (REZI) Stock

The provider of home comfort and security solutions worldwide, Resideo Technologies, Inc. (NYSE: REZI) surged by 9.86% in extended trading, bringing the stock to...

Why The KemPharm (KMPH) Stock Has Been Rising More Than 50% In Early Trades?

The specialty pharmaceutical company KemPharm, Inc. (NASDAQ: KMPH) has been seeing its shares skyrocketing in early trades today. As of 10:46 a.m. EST, the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.