KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 4.7% - Here's Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report)'s share price fell 4.7% during mid-day trading on Monday . The stock traded as low as $2.68 and last traded at $2.81. 26,123,777 shares traded hands during mid-day trading, an increase of 136% from the average session volume of 11,050,424 shares. The stock had previously closed at $2.95.

KULR Technology Group Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The company has a market cap of $677.16 million, a P/E ratio of -23.58 and a beta of 3.17.

Institutional Investors Weigh In On KULR Technology Group

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of KULR Technology Group during the third quarter valued at approximately $29,000. XTX Topco Ltd bought a new stake in shares of KULR Technology Group in the 2nd quarter valued at $31,000. Finally, Geode Capital Management LLC raised its stake in 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 buying an additional 479,026 shares during the period. 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.