KULR Technology Group (NYSEAMERICAN:KULR) Trading Down 2.7% - What's Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report)'s stock price traded down 2.7% during mid-day trading on Friday . The stock traded as low as $0.28 and last traded at $0.28. 1,827,002 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 5,203,853 shares. The stock had previously closed at $0.29.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a "speculative buy" rating and set a $1.00 target price on shares of KULR Technology Group in a report on Tuesday, August 13th.

KULR Technology Group Price Performance

The firm has a market capitalization of $55.93 million, a price-to-earnings ratio of -1.76 and a beta of 1.74. The company has a current ratio of 0.62, a quick ratio of 0.53 and a debt-to-equity ratio of 0.07.

KULR Technology Group (NYSEAMERICAN:KULR - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $2.43 million during the quarter, compared to the consensus estimate of $2.30 million. KULR Technology Group had a negative return on equity of 1,529.98% and a negative net margin of 226.61%. As a group, analysts anticipate that KULR Technology Group, Inc. will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in KULR Technology Group stock. Chapin Davis Inc. raised its holdings in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Free Report) by 45.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the company's stock after acquiring an additional 25,000 shares during the quarter. Chapin Davis Inc. owned approximately 0.06% of KULR Technology Group worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 21.23% of the company's stock.

KULR Technology Group Company 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.