KULR Technology Group (OTCMKTS:KULR) Stock Price Down 5%

KULR Technology Group, Inc. (OTCMKTS:KULRGet Rating) shares dropped 5% during trading on Tuesday . The stock traded as low as $1.52 and last traded at $1.53. Approximately 121,839 shares changed hands during trading, a decline of 71% from the average daily volume of 420,989 shares. The stock had previously closed at $1.61.

KULR Technology Group Stock Performance

The company has a 50 day moving average of $1.55 and a 200 day moving average of $1.83. The stock has a market capitalization of $163.75 million, a price-to-earnings ratio of -9.00 and a beta of 1.68.

KULR Technology Group (OTCMKTS:KULRGet Rating) last released its quarterly earnings data on Monday, May 16th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.63 million. KULR Technology Group had a negative return on equity of 104.86% and a negative net margin of 651.30%. As a group, research analysts expect that KULR Technology Group, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp boosted its position in shares of KULR Technology Group by 11.3% during the 1st quarter. State Street Corp now owns 175,811 shares of the company’s stock worth $382,000 after acquiring an additional 17,811 shares in the last quarter. Northern Trust Corp boosted its position in shares of KULR Technology Group by 15.2% during the 1st quarter. Northern Trust Corp now owns 103,463 shares of the company’s stock worth $225,000 after acquiring an additional 13,634 shares in the last quarter. Ergoteles LLC acquired a new position in shares of KULR Technology Group during the 1st quarter worth about $101,000. Vanguard Group Inc. boosted its position in shares of KULR Technology Group by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,834,615 shares of the company’s stock worth $6,151,000 after acquiring an additional 100,122 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of KULR Technology Group by 53.4% in the 1st quarter. Citigroup Inc. now owns 85,125 shares of the company’s stock valued at $185,000 after purchasing an additional 29,644 shares during the period. 4.97% of the stock is owned by institutional investors and hedge funds.

KULR Technology Group Company Profile

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KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for batteries, electronics, and other components applications in the United States. It offers lithium-ion battery thermal runaway shields; fiber thermal interface materials; phase change material heatsinks; internal short circuit device; KULR battery cell screening and testing automation system and tech safe case; cellcheck; and CRUX cathodes.

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