Stock Traders Buy High Volume of KULR Technology Group Call Options (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the recipient of some unusual options trading activity on Monday. Investors acquired 2,965 call options on the stock. This represents an increase of approximately 668% compared to the average volume of 386 call options.

Hedge Funds Weigh In On KULR Technology Group

A hedge fund recently bought a new stake in KULR Technology Group stock. XTX Topco Ltd acquired a new stake in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,997 shares of the company’s stock, valued at approximately $31,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “speculative buy” rating and issued a $1.00 target price on shares of KULR Technology Group in a report on Tuesday, August 13th.

KULR Technology Group Price Performance

Shares of NYSEAMERICAN KULR opened at $0.46 on Tuesday. KULR Technology Group has a 1-year low of $0.10 and a 1-year high of $0.90. The firm has a market cap of $91.51 million, a price-to-earnings ratio of -2.87 and a beta of 1.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.62 and a quick ratio of 0.53.

KULR Technology Group (NYSEAMERICAN:KULR) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). KULR Technology Group had a negative net margin of 226.61% and a negative return on equity of 1,529.98%. The firm had revenue of $2.43 million for the quarter, compared to the consensus estimate of $2.30 million. Equities research analysts expect that KULR Technology Group will post -0.1 earnings per share for the current fiscal year.

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.