KULR Technology Group (NYSEAMERICAN:KULR) Issues Earnings Results

KULR Technology Group (NYSEAMERICAN:KULR) announced its quarterly earnings data on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Zacks reports. KULR Technology Group had a negative net margin of 225.04% and a negative return on equity of 1,667.70%. The firm had revenue of $2.43 million during the quarter, compared to analyst estimates of $2.30 million.

KULR Technology Group Trading Down 18.1 %

Shares of NYSEAMERICAN:KULR traded down $0.05 during midday trading on Tuesday, reaching $0.21. The company had a trading volume of 5,110,591 shares, compared to its average volume of 6,329,361. The firm has a market capitalization of $40.11 million, a price-to-earnings ratio of -1.11 and a beta of 1.75. The company has a quick ratio of 0.32, a current ratio of 0.46 and a debt-to-equity ratio of 0.09. KULR Technology Group has a 1-year low of $0.10 and a 1-year high of $1.10.

Insider Transactions at KULR Technology Group

In related news, COO Terry Keith Cochran sold 108,079 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $0.29, for a total value of $31,342.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “speculative buy” rating and set a $1.00 price target on shares of KULR Technology Group in a research note on Tuesday.

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.