KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 16.8% – Should You Sell?

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) were down 16.8% during mid-day trading on Friday . The company traded as low as $3.69 and last traded at $3.81. Approximately 3,347,072 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 3,506,702 shares. The stock had previously closed at $4.58.

KULR Technology Group Price Performance

The company has a market capitalization of $176.25 million, a P/E ratio of -2.49 and a beta of 2.23. The stock’s 50 day moving average is $3.13 and its 200-day moving average is $3.16.

KULR Technology Group (NYSEAMERICAN:KULR) last released 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 company had revenue of $4.85 million during the quarter, compared to the consensus estimate of $8.50 million. On average, equities research analysts anticipate 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 made changes to their positions in KULR. Russell Investments Group Ltd. increased its stake in shares of KULR Technology Group by 201.7% during the fourth quarter. Russell Investments Group Ltd. now owns 9,167 shares of the company’s stock valued at $27,000 after purchasing an additional 6,129 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of KULR Technology Group by 147.9% during the third 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 in the last quarter. Focus Partners Wealth bought a new position in shares of KULR Technology Group during the third quarter valued at approximately $42,000. LPL Financial LLC increased its stake in shares of KULR Technology Group by 51.1% during the fourth quarter. LPL Financial LLC now owns 16,158 shares of the company’s stock valued at $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 during the fourth quarter valued at approximately $51,000. Institutional investors own 21.23% of the company’s stock.

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