KULR Technology Group (NYSEAMERICAN:KULR) Trading 11.1% Higher – Should You Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shot up 11.1% on Monday . The stock traded as high as $4.09 and last traded at $3.99. 2,158,894 shares traded hands during mid-day 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 Stock Performance

The stock has a fifty day moving average price of $3.62 and a 200-day moving average price of $3.25. The firm has a market cap of $184.58 million, a PE ratio of -2.61 and a beta of 2.22.

KULR Technology Group (NYSEAMERICAN:KULR) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.53). The business had revenue of $4.85 million during the quarter, compared to analyst estimates of $8.50 million. KULR Technology Group had a negative return on equity of 45.70% and a negative net margin of 383.52%. As a group, equities analysts predict that KULR Technology Group, Inc. will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KULR. Price T Rowe Associates Inc. MD grew its stake in shares of KULR Technology Group by 13.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,578 shares of the company’s stock valued at $121,000 after buying an additional 4,757 shares in the last quarter. LPL Financial LLC raised its holdings in shares of KULR Technology Group by 51.1% during the 4th quarter. LPL Financial LLC now owns 16,158 shares of the company’s stock valued at $48,000 after buying an additional 5,466 shares during the period. Los Angeles Capital Management LLC acquired a new position in KULR Technology Group during the 4th quarter worth approximately $120,000. Focus Partners Wealth purchased a new position in KULR Technology Group in the 3rd quarter worth approximately $42,000. Finally, BNP Paribas Financial Markets boosted its holdings in KULR Technology Group by 147.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,956 shares of the company’s stock worth $29,000 after acquiring an additional 4,150 shares during the 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. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.