KULR Technology Group (NYSEAMERICAN:KULR) Trading Down 4.1% – Here’s What Happened

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price dropped 4.1% during mid-day trading on Thursday . The company traded as low as $2.45 and last traded at $2.46. Approximately 3,705,880 shares were traded during trading, a decline of 88% from the average daily volume of 30,141,666 shares. The stock had previously closed at $2.56.

KULR Technology Group Price Performance

The stock has a market cap of $666.09 million, a P/E ratio of -20.29 and a beta of 2.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81.

Institutional Investors Weigh In On KULR Technology Group

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in KULR Technology Group in the 3rd quarter valued at $29,000. XTX Topco Ltd acquired a new position in shares of KULR Technology Group during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of KULR Technology Group in the fourth quarter valued at approximately $56,000. Maiden Cove Capital LLC bought a new position in KULR Technology Group in the 4th quarter valued at $71,000. Finally, Joseph P. Lucia & Associates LLC bought a new stake in shares of KULR Technology Group during the fourth quarter worth $79,000. 21.23% of the stock is currently owned by institutional investors.

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.