KULR Technology Group (NYSEAMERICAN:KULR) Trading 4.9% Higher – Still a Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Get Free Report) shares traded up 4.9% during mid-day trading on Monday . The stock traded as high as $2.82 and last traded at $2.76. Approximately 937,274 shares changed hands during trading, a decline of 44% from the average daily volume of 1,669,184 shares. The stock had previously closed at $2.63.

KULR Technology Group Stock Down 0.7%

The firm’s 50 day simple moving average is $3.80 and its two-hundred day simple moving average is $3.24. The stock has a market cap of $135.08 million, a P/E ratio of -1.91 and a beta of 2.26.

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KULR Technology Group (NYSEAMERICAN:KULR – Get Free Report) last posted its quarterly 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). KULR Technology Group had a negative return on equity of 45.70% and a negative net margin of 383.52%.The business had revenue of $4.85 million during the quarter, compared to the consensus estimate of $8.50 million. As a group, equities analysts predict that KULR Technology Group, Inc. will post -0.55 EPS for the current year.

Hedge Funds Weigh In On KULR Technology Group

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its holdings in shares of KULR Technology Group by 201.7% in the 4th quarter. Russell Investments Group Ltd. now owns 9,167 shares of the company’s stock worth $27,000 after purchasing an additional 6,129 shares during the last quarter. 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 valued at $29,000 after purchasing an additional 4,150 shares during the period. Focus Partners Wealth bought a new position in KULR Technology Group during the 3rd quarter worth $42,000. LPL Financial LLC grew its stake in KULR Technology Group by 51.1% during the 4th quarter. LPL Financial LLC now owns 16,158 shares of the company’s stock worth $48,000 after buying an additional 5,466 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in KULR Technology Group in the fourth quarter worth $51,000. 21.23% of the stock is owned by institutional investors.

KULR Technology Group Company Profile

(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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