808,745 Shares in KULR Technology Group, Inc. $KULR Bought by BlackRock Inc.

Key Points

• BlackRock acquired 808,745 KULR shares in the second quarter, worth approximately $3.08 million and representing about 1.75% of the company. Institutional investors and hedge funds collectively own 21.23% of KULR.
• KULR shares opened at $2.55, below their 50-day and 200-day moving averages, with a 12-month trading range of $1.94 to $6.00 and a market capitalization of approximately $118 million.
• The company reported a quarterly loss of $0.47 per share and revenue of $2.08 million, missing analyst expectations of a $0.08 loss and $9 million in revenue. Analysts project a full-year loss of $0.55 per share.

BlackRock Inc. purchased a new position in KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 808,745 shares of the company's stock, valued at approximately $3,081,000. BlackRock Inc. owned about 1.75% of KULR Technology Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in KULR Technology Group in the second quarter valued at $916,000. Bank of America Corp DE boosted its position in shares of KULR Technology Group by 252.4% during the 1st quarter. Bank of America Corp DE now owns 705,505 shares of the company's stock worth $1,672,000 after acquiring an additional 505,327 shares in the last quarter. Aristides Capital LLC purchased a new position in shares of KULR Technology Group in the 4th quarter valued at about $160,000. XTX Topco Ltd raised its position in shares of KULR Technology Group by 294.4% during the 4th quarter. XTX Topco Ltd now owns 94,499 shares of the company's stock worth $280,000 after acquiring an additional 70,540 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of KULR Technology Group by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 23,614 shares of the company's stock worth $70,000 after acquiring an additional 9,098 shares in the last quarter. Institutional investors and hedge funds own 21.23% of the company's stock.

KULR Technology Group Stock Performance

Shares of NYSEAMERICAN:KULR opened at $2.55 on Friday. The firm has a 50 day simple moving average of $2.88 and a 200-day simple moving average of $3.05. KULR Technology Group, Inc. has a twelve month low of $1.94 and a twelve month high of $6.00. The company has a market capitalization of $118.01 million, a PE ratio of -1.15 and a beta of 2.30.

KULR Technology Group (NYSEAMERICAN:KULR - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.39). The business had revenue of $2.08 million for the quarter, compared to analysts' expectations of $9.00 million. KULR Technology Group had a negative return on equity of 57.69% and a negative net margin of 607.65%. As a group, equities research analysts predict that KULR Technology Group, Inc. will post -0.55 EPS for the current fiscal year.

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. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.

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