KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 4.6% - What's Next?

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) traded down 4.6% on Friday . The stock traded as low as $2.38 and last traded at $2.37. 7,498,727 shares were traded during mid-day trading, a decline of 77% from the average session volume of 32,015,023 shares. The stock had previously closed at $2.48.

KULR Technology Group Stock Down 8.1 %

The stock has a market capitalization of $545.56 million, a P/E ratio of -19.00 and a beta of 2.43. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On KULR Technology Group

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of 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 buying an additional 479,026 shares in the last quarter. International Assets Investment Management LLC acquired a new position in KULR Technology Group in the fourth quarter valued at about $56,000. Virtu Financial LLC bought a new stake in shares of KULR Technology Group in the third quarter worth about $29,000. Fortem Financial Group LLC acquired a new stake in shares of KULR Technology Group during the fourth quarter worth about $298,000. Finally, XTX Topco Ltd bought a new position in shares of KULR Technology Group during the 2nd quarter valued at about $31,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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.