KULR Technology Group (NYSEAMERICAN:KULR) Trading Down 16.8% – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price dropped 16.8% during trading on Friday . The stock traded as low as $3.69 and last traded at $3.81. Approximately 3,347,072 shares were traded during trading, a decline of 5% from the average daily volume of 3,506,702 shares. The stock had previously closed at $4.58.

KULR Technology Group Price Performance

The firm’s 50 day moving average is $3.13 and its 200 day moving average is $3.16. The firm has a market cap of $176.25 million, a P/E ratio of -2.49 and a beta of 2.23.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in KULR Technology Group by 252.4% in the first quarter. Bank of America Corp DE now owns 705,505 shares of the company’s stock worth $1,672,000 after buying an additional 505,327 shares during the last quarter. Aristides Capital LLC purchased a new position in KULR Technology Group in the fourth quarter worth about $160,000. XTX Topco Ltd raised its holdings in KULR Technology Group by 294.4% in the fourth quarter. XTX Topco Ltd now owns 94,499 shares of the company’s stock worth $280,000 after buying an additional 70,540 shares during the last quarter. AQR Capital Management LLC raised its holdings in KULR Technology Group by 62.7% in the fourth quarter. AQR Capital Management LLC now owns 23,614 shares of the company’s stock worth $70,000 after buying an additional 9,098 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in KULR Technology Group in the fourth quarter worth about $613,000. 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.