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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KULR Technology Group stock. XTX Topco Ltd acquired a new position in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 77,997 shares of the company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 21.23% of the company’s stock.

KULR Technology Group Stock Performance

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

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

Analyst Upgrades and Downgrades

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

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.