KULR Technology Group (NYSEAMERICAN:KULR) Trading Up 4.9% – Here’s Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price traded up 4.9% during mid-day trading on Monday . The company traded as high as $2.82 and last traded at $2.76. 937,274 shares traded hands during trading, a decline of 44% from the average session volume of 1,669,184 shares. The stock had previously closed at $2.63.

KULR Technology Group Price Performance

The company’s 50-day simple moving average is $3.81 and its 200 day simple moving average is $3.24. The firm has a market cap of $127.68 million, a P/E ratio of -1.80 and a beta of 2.26.

KULR Technology Group (NYSEAMERICAN:KULR) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.61) 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 analysts’ expectations of $8.50 million. Analysts anticipate that KULR Technology Group, Inc. will post -0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in KULR Technology Group by 201.7% in the fourth quarter. Russell Investments Group Ltd. now owns 9,167 shares of the company’s stock worth $27,000 after acquiring an additional 6,129 shares in the last quarter. BNP Paribas Financial Markets raised its position in 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 during the period. Focus Partners Wealth purchased a new stake in KULR Technology Group during the third quarter valued at approximately $42,000. LPL Financial LLC lifted its stake in shares of KULR Technology Group by 51.1% in the 4th 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 during the last quarter. Finally, AXQ Capital LP bought a new stake in shares of KULR Technology Group in the 4th quarter valued at approximately $51,000. Hedge funds and other 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.