KULR Technology Group (NYSEAMERICAN:KULR) Trading 4.3% Higher

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) traded up 4.3% on Thursday . The company traded as high as 0.44 and last traded at 0.42. 3,799,000 shares traded hands during trading, a decline of 49% from the average session volume of 7,476,665 shares. The stock had previously closed at 0.40.

Wall Street Analyst Weigh In

Separately, Benchmark restated a “speculative buy” rating and set a $1.00 price objective on shares of KULR Technology Group in a report on Friday, May 17th.

KULR Technology Group Stock Performance

The company has a current ratio of 0.46, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09.

KULR Technology Group (NYSEAMERICAN:KULR) last posted its quarterly earnings data on Wednesday, May 15th. The company reported -0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of -0.03 by -0.01. The business had revenue of 1.75 million during the quarter, compared to the consensus estimate of 4.50 million. KULR Technology Group had a negative net margin of 225.04% and a negative return on equity of 1,667.70%. As a group, analysts expect that KULR Technology Group, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In other 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.76% of the company’s stock.

Hedge Funds Weigh In On KULR Technology Group

A hedge fund recently raised its stake in KULR Technology Group stock. Chapin Davis Inc. increased its stake in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) by 45.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Chapin Davis Inc. owned approximately 0.06% of KULR Technology Group worth $30,000 at the end of the most recent reporting period. 21.23% of the stock is owned by hedge funds and other institutional investors.

About KULR Technology Group

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.