240,483 Shares in KULR Technology Group, Inc. $KULR Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 240,483 shares of the company’s stock, valued at approximately $916,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.52% of KULR Technology Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in KULR Technology Group by 81.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company’s stock worth $1,290,000 after acquiring an additional 438,526 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of KULR Technology Group by 1,889,500.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,896 shares of the company’s stock valued at $135,000 after purchasing an additional 18,895 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of KULR Technology Group in the 2nd quarter valued at approximately $338,000. New York State Common Retirement Fund acquired a new stake in KULR Technology Group in the 2nd quarter worth approximately $138,000. Finally, Invesco Ltd. acquired a new stake in KULR Technology Group in the 2nd quarter worth approximately $124,000. 21.23% of the stock is currently owned by hedge funds and other institutional investors.

KULR Technology Group Trading Down 2.3%

NYSEAMERICAN:KULR opened at $2.56 on Friday. KULR Technology Group, Inc. has a twelve month low of $1.94 and a twelve month high of $6.00. The company has a market cap of $118.48 million, a PE ratio of -1.15 and a beta of 2.31. The company’s 50 day moving average is $3.13 and its two-hundred day moving average is $3.07.

KULR Technology Group (NYSEAMERICAN:KULR) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.39). KULR Technology Group had a negative return on equity of 57.69% and a negative net margin of 607.65%.The company had revenue of $2.08 million during the quarter, compared to analysts’ expectations of $9.00 million. As a group, analysts expect that KULR Technology Group, Inc. will post -0.55 EPS for the current fiscal year.

KULR Technology Group Profile

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.