KORE Group (NYSE:KORE) Shares Down 1.4% – Should You Sell?

KORE Group Holdings, Inc. (NYSE:KORE)’s share price fell 1.4% during mid-day trading on Thursday . The company traded as low as $2.36 and last traded at $2.41. 3,952 shares changed hands during trading, a decline of 95% from the average session volume of 74,790 shares. The stock had previously closed at $2.44.

Wall Street Analyst Weigh In

Separately, TD Cowen raised their price objective on KORE Group from $2.00 to $2.50 and gave the company a “hold” rating in a research note on Wednesday, November 20th.

KORE Group Stock Performance

The firm has a market cap of $40.90 million, a P/E ratio of -0.34 and a beta of 1.85. The firm has a 50 day simple moving average of $2.35 and a 200 day simple moving average of $2.13.

Institutional Investors Weigh In On KORE Group

A hedge fund recently bought a new stake in KORE Group stock. Vectors Research Management LLC bought a new position in shares of KORE Group Holdings, Inc. (NYSE:KORE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,430 shares of the company’s stock, valued at approximately $111,000. Vectors Research Management LLC owned approximately 0.20% of KORE Group at the end of the most recent quarter. Institutional investors own 57.45% of the company’s stock.

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 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.