KULR Technology Group (NYSEAMERICAN:KULR) Releases Quarterly Earnings Results, Misses Expectations By $0.39 EPS

KULR Technology Group (NYSEAMERICAN:KULR) released its quarterly earnings data on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.39), FiscalAI reports. The business had revenue of $2.08 million during the quarter, compared to analyst estimates of $9.00 million. KULR Technology Group had a negative net margin of 383.52% and a negative return on equity of 45.70%.

KULR Technology Group Stock Performance

Shares of NYSEAMERICAN KULR remained flat at $2.97 during mid-day trading on Thursday. The stock had a trading volume of 1,942,142 shares, compared to its average volume of 1,867,590. The company’s fifty day moving average is $3.30 and its two-hundred day moving average is $3.13. KULR Technology Group has a fifty-two week low of $1.94 and a fifty-two week high of $6.30. The stock has a market cap of $137.39 million, a PE ratio of -1.94 and a beta of 2.31.

Institutional Trading of KULR Technology Group

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP bought a new stake in KULR Technology Group during the fourth quarter valued at about $1,900,000. Goldman Sachs Group Inc. lifted its position in shares of KULR Technology Group by 81.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company’s stock worth $1,290,000 after purchasing an additional 438,526 shares during the last quarter. Arosa Capital Management LP acquired a new position in shares of KULR Technology Group during the 4th quarter worth about $888,000. Jump Financial LLC bought a new stake in KULR Technology Group during the 4th quarter valued at approximately $613,000. Finally, Vanguard Group Inc. grew its holdings in KULR Technology Group by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,981,975 shares of the company’s stock valued at $8,245,000 after buying an additional 177,617 shares during the last quarter. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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.