KULR Technology Group (NYSEAMERICAN:KULR) Announces Earnings Results

KULR Technology Group (NYSEAMERICAN:KULR) announced its quarterly earnings results on Monday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01), Zacks reports. The firm had revenue of $2.43 million for the quarter, compared to the consensus estimate of $2.30 million. KULR Technology Group had a negative net margin of 225.04% and a negative return on equity of 1,667.70%.

KULR Technology Group Stock Down 18.1 %

NYSEAMERICAN KULR traded down $0.05 during mid-day trading on Tuesday, reaching $0.21. 5,110,591 shares of the stock were exchanged, compared to its average volume of 6,329,361. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 0.46. The firm has a market cap of $40.11 million, a P/E ratio of -1.11 and a beta of 1.75. KULR Technology Group has a 1-year low of $0.10 and a 1-year high of $1.10.

Insider Activity at KULR Technology Group

In other news, COO Terry Keith Cochran sold 108,079 shares of KULR Technology Group stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $0.29, for a total value of $31,342.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “speculative buy” rating and issued a $1.00 target price on shares of KULR Technology Group in a research report on Tuesday.

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.