KULR Technology Group (NYSEAMERICAN:KULR) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

KULR Technology Group (NYSEAMERICAN:KULR) announced its earnings results on Monday. The company reported ($0.03) earnings per share (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 analyst estimates of $2.30 million. KULR Technology Group had a negative return on equity of 1,667.70% and a negative net margin of 225.04%.

KULR Technology Group Price Performance

Shares of NYSEAMERICAN:KULR opened at $0.21 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.32 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $40.11 million, a price-to-earnings ratio of -1.19 and a beta of 1.75. KULR Technology Group has a 12-month low of $0.10 and a 12-month high of $1.10.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, COO Terry Keith Cochran sold 108,079 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $0.29, for a total transaction of $31,342.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 16.76% 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.