KULR Technology Group (NYSEAMERICAN:KULR) Shares Up 11.1% – Here’s What Happened

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

KULR Technology Group Trading Up 1.6%

The company has a market capitalization of $179.03 million, a P/E ratio of -2.53 and a beta of 2.23. The company’s fifty day moving average is $3.64 and its 200 day moving average is $3.25.

KULR Technology Group (NYSEAMERICAN:KULR) last issued 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). KULR Technology Group had a negative net margin of 383.52% and a negative return on equity of 45.70%. The business had revenue of $4.85 million for the quarter, compared to the consensus estimate of $8.50 million. Equities research analysts predict that KULR Technology Group, Inc. will post -0.55 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KULR. Marshall Wace LLP purchased a new position in KULR Technology Group during the 4th quarter valued at about $1,900,000. Bank of America Corp DE lifted its holdings in shares of KULR Technology Group by 252.4% in the first quarter. Bank of America Corp DE now owns 705,505 shares of the company’s stock worth $1,672,000 after buying an additional 505,327 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of KULR Technology Group by 81.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company’s stock valued at $1,290,000 after acquiring an additional 438,526 shares during the period. Arosa Capital Management LP bought a new position in shares of KULR Technology Group in the fourth quarter valued at approximately $888,000. Finally, Jump Financial LLC purchased a new position in KULR Technology Group during the fourth quarter valued at approximately $613,000. 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.