KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 13.2% – Here’s Why

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULRGet Free Report) were down 13.2% during mid-day trading on Wednesday . The company traded as low as $2.82 and last traded at $2.83. Approximately 8,230,153 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 34,168,910 shares. The stock had previously closed at $3.26.

KULR Technology Group Trading Down 13.3 %

The firm has a market cap of $576.66 million, a P/E ratio of -20.08 and a beta of 3.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Trading of KULR Technology Group

Large investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in KULR Technology Group in the third quarter valued at $29,000. Fortem Financial Group LLC acquired a new stake in shares of KULR Technology Group during the 4th quarter valued at approximately $298,000. XTX Topco Ltd bought a new position in KULR Technology Group during the second quarter worth $31,000. International Assets Investment Management LLC acquired a new position in KULR Technology Group in the fourth quarter worth $56,000. Finally, Geode Capital Management LLC increased its stake in KULR Technology Group by 44.5% during the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after purchasing an additional 479,026 shares during the last quarter. 21.23% of the stock is currently owned by institutional investors and hedge funds.

About KULR Technology Group

(Get Free Report)

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.

Further Reading

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