KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 4.7% – Here’s Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shares were down 4.7% during trading on Monday . The company traded as low as $2.68 and last traded at $2.81. Approximately 26,123,777 shares were traded 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 Price Performance

The company has a market capitalization of $667.59 million, a PE ratio of -23.25 and a beta of 3.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds and other institutional investors have recently modified their holdings of KULR. XTX Topco Ltd purchased a new stake in shares of KULR Technology Group in the second quarter worth about $31,000. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 479,026 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of KULR Technology Group during the 3rd quarter valued at approximately $29,000. Institutional investors 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.