KULR Technology Group (NYSEAMERICAN:KULR) Shares Up 4.3%

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price rose 4.3% on Thursday . The stock traded as high as 0.44 and last traded at 0.42. Approximately 3,799,000 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 7,476,665 shares. The stock had previously closed at 0.40.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “speculative buy” rating and issued a $1.00 target price on shares of KULR Technology Group in a research report on Friday, May 17th.

KULR Technology Group Stock Performance

The firm has a market cap of $76.21 million, a PE ratio of -2.32 and a beta of 1.71. 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 (NYSEAMERICAN:KULR) last announced its earnings results 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. KULR Technology Group had a negative return on equity of 1,667.70% and a negative net margin of 225.04%. The company had revenue of 1.75 million for the quarter, compared to the consensus estimate of 4.50 million. Sell-side analysts anticipate that KULR Technology Group, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling at KULR Technology Group

In related news, COO Terry Keith Cochran sold 108,079 shares of the stock in a transaction dated 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 accessible through this hyperlink. Insiders own 16.76% of the company’s stock.

Institutional Trading of KULR Technology Group

A hedge fund recently raised its stake in KULR Technology Group stock. Chapin Davis Inc. increased its holdings in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) by 45.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the company’s stock after acquiring an additional 25,000 shares during the period. Chapin Davis Inc. owned about 0.06% of KULR Technology Group worth $30,000 at the end of the most recent quarter. 21.23% of the stock is owned by 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.