KULR Technology Group (NYSEAMERICAN:KULR – Get Free Report)‘s stock had its “speculative buy” rating reiterated by equities researchers at Benchmark in a note issued to investors on Friday, Benzinga reports. They currently have a $1.00 price objective on the stock.
KULR Technology Group Trading Down 5.4 %
KULR Technology Group stock opened at 0.35 on Friday. The firm has a market cap of $63.96 million, a P/E ratio of -1.95 and a beta of 1.88. KULR Technology Group has a 12-month low of 0.10 and a 12-month high of 1.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.40 and a current ratio of 0.46.
KULR Technology Group (NYSEAMERICAN:KULR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 15th. The company reported -0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of -0.03 by -0.01. The firm had revenue of 1.75 million during the quarter, compared to the consensus estimate of 4.50 million. KULR Technology Group had a negative return on equity of 1,667.70% and a negative net margin of 225.04%. As a group, equities research analysts predict that KULR Technology Group will post -0.1 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, major shareholder Timothy Ray Knowles sold 361,338 shares of KULR Technology Group stock in a transaction on Monday, March 25th. The stock was sold at an average price of 0.29, for a total transaction of 104,788.02. Following the sale, the insider now directly owns 14,268,027 shares in the company, valued at 4,137,727.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.76% of the company’s stock.
Hedge Funds Weigh In On KULR Technology Group
An institutional investor recently raised its position in KULR Technology Group stock. Chapin Davis Inc. increased its stake in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Free Report) by 45.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 80,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Chapin Davis Inc. owned 0.06% of KULR Technology Group worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.23% of the company’s stock.
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.
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