KULR Technology Group (NYSEAMERICAN:KULR) Trading Down 4.7% – Here’s What Happened

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

KULR Technology Group Stock Performance

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

Institutional Investors Weigh In On KULR Technology Group

A number of hedge funds have recently modified their holdings of KULR. Virtu Financial LLC acquired a new stake in shares of KULR Technology Group in the third quarter valued at approximately $29,000. XTX Topco Ltd acquired a new stake in shares of KULR Technology Group in the second quarter valued at approximately $31,000. Finally, Geode Capital Management LLC boosted its position 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 worth $443,000 after purchasing an additional 479,026 shares during the period. Institutional investors and hedge funds own 21.23% of the company’s stock.

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.