KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 2.7% – Should You Sell?

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

Analysts Set New Price Targets

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 Stock Down 2.7 %

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

KULR Technology Group (NYSEAMERICAN:KULR) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $2.43 million for the quarter, compared to analyst estimates of $2.30 million. KULR Technology Group had a negative net margin of 226.61% and a negative return on equity of 1,529.98%. As a group, equities analysts forecast 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. increased its stake in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) by 45.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,000 shares of the company’s stock after acquiring an additional 25,000 shares during the period. Chapin Davis Inc. owned approximately 0.06% of KULR Technology Group worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.