KULR Technology Group (NYSEAMERICAN:KULR) Announces Earnings Results, Misses Expectations By $0.09 EPS

KULR Technology Group (NYSEAMERICAN:KULR) issued its quarterly earnings results on Tuesday. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.09), reports. The company had revenue of $6.88 million during the quarter, compared to the consensus estimate of $4.00 million. KULR Technology Group had a negative net margin of 133.21% and a negative return on equity of 29.89%.

KULR Technology Group Stock Performance

NYSEAMERICAN KULR traded down $0.17 on Wednesday, reaching $2.53. The company had a trading volume of 1,623,776 shares, compared to its average volume of 2,193,398. The company’s fifty day moving average is $4.16 and its 200-day moving average is $6.09. KULR Technology Group has a 1-year low of $2.40 and a 1-year high of $43.92. The firm has a market capitalization of $107.56 million, a price-to-earnings ratio of -4.39 and a beta of 2.03.

Insider Buying and Selling at KULR Technology Group

In other KULR Technology Group news, Director Joanna D. Massey sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $5.47, for a total transaction of $54,700.00. Following the transaction, the director owned 17,813 shares of the company’s stock, valued at $97,437.11. The trade was a 35.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of KULR Technology Group by 81.4% during the first quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company’s stock worth $1,290,000 after acquiring an additional 438,526 shares during the last quarter. Vanguard Group Inc. increased its position in KULR Technology Group by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,981,975 shares of the company’s stock valued at $8,245,000 after purchasing an additional 177,617 shares during the period. Bridgeway Capital Management LLC bought a new position in KULR Technology Group during the 3rd quarter worth approximately $208,000. Rhumbline Advisers bought a new position in KULR Technology Group during the 2nd quarter worth approximately $338,000. Finally, Virtu Financial LLC acquired a new position in shares of KULR Technology Group in the 3rd quarter worth approximately $196,000. 21.23% of the stock is currently owned by institutional investors.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes.