KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 3.6%

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was down 3.6% during trading on Tuesday . The company traded as low as 0.30 and last traded at 0.31. Approximately 295,000 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 462,362 shares. The stock had previously closed at 0.32.

Analyst Ratings Changes

Separately, Alliance Global Partners reduced their price target on KULR Technology Group from $2.50 to $1.30 in a research report on Monday, September 18th.

KULR Technology Group Trading Down 3.6 %

The business’s fifty day moving average is 1.01. The stock has a market capitalization of $38.85 million, a PE ratio of -1.53 and a beta of 2.15.

KULR Technology Group (NYSEAMERICAN:KULR) last posted its quarterly earnings results on Wednesday, August 16th. The company reported -0.05 EPS for the quarter, meeting the consensus estimate of -0.05. The firm had revenue of 2.70 million during the quarter. KULR Technology Group had a negative return on equity of 305.18% and a negative net margin of 299.97%. Equities research analysts predict that KULR Technology Group, Inc. will post -0.21 earnings per share for the current year.

Insider Buying and Selling at KULR Technology Group

In related news, CEO Michael Mo acquired 428,571 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of 0.35 per share, for a total transaction of 149,999.85. Following the purchase, the chief executive officer now owns 21,155,110 shares in the company, valued at approximately 7,404,288.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 18.22% of the company’s stock.

Institutional Investors Weigh In On KULR Technology Group

Large investors have recently bought and sold shares of the business. Virtu Financial LLC grew its position in KULR Technology Group by 78.2% during the 4th quarter. Virtu Financial LLC now owns 20,917 shares of the company’s stock worth $25,000 after acquiring an additional 9,181 shares during the last quarter. Simplicity Solutions LLC bought a new stake in KULR Technology Group during the 1st quarter worth approximately $28,000. Beta Wealth Group Inc. grew its position in KULR Technology Group by 52.2% during the 2nd quarter. Beta Wealth Group Inc. now owns 46,644 shares of the company’s stock worth $30,000 after acquiring an additional 16,000 shares during the last quarter. Marshall Wace LLP bought a new stake in KULR Technology Group during the 4th quarter worth approximately $36,000. Finally, LPL Financial LLC bought a new stake in KULR Technology Group during the 2nd quarter worth approximately $46,000. 4.94% of the stock is currently owned by institutional investors.

KULR Technology Group Company Profile

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 provides 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.