RBF Capital LLC Sells 705,877 Shares of KORE Group Holdings, Inc. (NYSE:KORE)

RBF Capital LLC cut its position in shares of KORE Group Holdings, Inc. (NYSE:KORE) by 80.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,469 shares of the company’s stock after selling 705,877 shares during the quarter. RBF Capital LLC’s holdings in KORE Group were worth $399,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC increased its position in shares of KORE Group by 7.2% during the second quarter. Renaissance Technologies LLC now owns 94,200 shares of the company’s stock worth $40,000 after buying an additional 6,300 shares during the period. Hedge funds and other institutional investors own 57.45% of the company’s stock.

KORE Group Trading Down 2.0 %

NYSE:KORE opened at $1.44 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 13.25. The stock has a market capitalization of $24.49 million, a price-to-earnings ratio of -0.20 and a beta of 2.33. The firm has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $2.37. KORE Group Holdings, Inc. has a 12 month low of $1.30 and a 12 month high of $6.45.

Wall Street Analysts Forecast Growth

Separately, TD Cowen increased their price objective on shares of KORE Group from $2.00 to $2.50 and gave the stock a “hold” rating in a research report on Wednesday, November 20th.

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.