KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 4.1% – Here’s Why

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

KULR Technology Group Stock Performance

The company has a market capitalization of $666.09 million, a price-to-earnings ratio of -20.29 and a beta of 2.43. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in KULR Technology Group by 44.5% in the 3rd 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. Virtu Financial LLC acquired a new position in KULR Technology Group in the 3rd quarter valued at $29,000. Fortem Financial Group LLC bought a new position in KULR Technology Group during the 4th quarter worth $298,000. XTX Topco Ltd bought a new stake in shares of KULR Technology Group in the second quarter valued at about $31,000. Finally, Joseph P. Lucia & Associates LLC acquired a new stake in KULR Technology Group in the 4th quarter worth about $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.