KULR Technology Group (NYSEAMERICAN:KULR) Trading 11.1% Higher – Here’s What Happened

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Get Free Report) shot up 11.1% on Monday . The stock traded as high as $4.09 and last traded at $3.99. 2,158,894 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 2,430,296 shares. The stock had previously closed at $3.59.

KULR Technology Group Trading Up 11.1%

The stock has a market cap of $184.58 million, a PE ratio of -2.61 and a beta of 2.22. The company’s 50 day moving average is $3.62 and its 200-day moving average is $3.25.

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KULR Technology Group (NYSEAMERICAN:KULR – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.53). The business had revenue of $4.85 million for the quarter, compared to analysts’ expectations of $8.50 million. KULR Technology Group had a negative return on equity of 45.70% and a negative net margin of 383.52%. As a group, analysts forecast that KULR Technology Group, Inc. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On KULR Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in KULR Technology Group by 201.7% in the 4th quarter. Russell Investments Group Ltd. now owns 9,167 shares of the company’s stock valued at $27,000 after acquiring an additional 6,129 shares during the period. BNP Paribas Financial Markets boosted its position in KULR Technology Group by 147.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,956 shares of the company’s stock worth $29,000 after acquiring an additional 4,150 shares during the period. Focus Partners Wealth acquired a new position in KULR Technology Group during the 3rd quarter worth $42,000. LPL Financial LLC grew its stake in shares of KULR Technology Group by 51.1% in the fourth quarter. LPL Financial LLC now owns 16,158 shares of the company’s stock worth $48,000 after purchasing an additional 5,466 shares in the last quarter. Finally, AXQ Capital LP bought a new position in shares of KULR Technology Group in the fourth quarter worth $51,000. 21.23% of the stock is owned by institutional investors.

About KULR Technology Group

(Get Free Report)

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. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.

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