Mitsubishi UFJ Asset Management Co. Ltd. Invests $916,000 in KULR Technology Group, Inc. $KULR

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) in the second quarter, Holdings Channel.com reports. The institutional investor bought 240,483 shares of the company’s stock, valued at approximately $916,000.

A number of other large investors have also recently bought and sold shares of KULR. Goldman Sachs Group Inc. increased its holdings in KULR Technology Group by 81.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company’s stock worth $1,290,000 after buying an additional 438,526 shares during the period. JPMorgan Chase & Co. lifted its stake in KULR Technology Group by 1,889,500.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,896 shares of the company’s stock valued at $135,000 after acquiring an additional 18,895 shares during the period. Rhumbline Advisers acquired a new stake in KULR Technology Group during the 2nd quarter valued at approximately $338,000. New York State Common Retirement Fund purchased a new stake in shares of KULR Technology Group in the 2nd quarter valued at $138,000. Finally, Invesco Ltd. purchased a new stake in shares of KULR Technology Group in the 2nd quarter valued at $124,000. Hedge funds and other institutional investors own 21.23% of the company’s stock.

KULR Technology Group Price Performance

NYSEAMERICAN:KULR opened at $2.56 on Friday. The company’s fifty day moving average price is $3.13 and its 200-day moving average price is $3.07. KULR Technology Group, Inc. has a 1-year low of $1.94 and a 1-year high of $6.00. The firm has a market capitalization of $118.48 million, a P/E ratio of -1.15 and a beta of 2.31.

KULR Technology Group (NYSEAMERICAN:KULR) last posted 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). KULR Technology Group had a negative net margin of 607.65% and a negative return on equity of 57.69%. The business had revenue of $2.08 million for the quarter, compared to analyst estimates of $9.00 million. Equities analysts anticipate that KULR Technology Group, Inc. will post -0.55 EPS for the current fiscal year.

KULR Technology Group 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.