KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 4.7% – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price fell 4.7% during mid-day trading on Monday . The company traded as low as $2.68 and last traded at $2.81. 26,123,777 shares were traded during trading, an increase of 136% from the average session volume of 11,050,424 shares. The stock had previously closed at $2.95.

KULR Technology Group Stock Performance

The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $818.34 million, a P/E ratio of -28.50 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

A number of institutional investors have recently added to or reduced their stakes in KULR. Geode Capital Management LLC raised its position in KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after purchasing an additional 479,026 shares during the last quarter. Virtu Financial LLC bought a new stake in KULR Technology Group during the third quarter worth $29,000. Finally, XTX Topco Ltd purchased a new stake in KULR Technology Group in the 2nd quarter valued at about $31,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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.