KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 6.6% - Here's What Happened

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) shares fell 6.6% during mid-day trading on Friday . The stock traded as low as $2.03 and last traded at $2.05. 10,335,880 shares changed hands during trading, a decline of 59% from the average session volume of 25,497,967 shares. The stock had previously closed at $2.19.

KULR Technology Group Stock Performance

The stock has a market capitalization of $553.94 million, a PE ratio of -16.88 and a beta of 2.35. 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 Trading of KULR Technology Group

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of KULR Technology Group in the 3rd quarter worth about $29,000. Kellett Wealth Advisors LLC purchased a new position in shares of KULR Technology Group during the 4th quarter valued at approximately $43,000. International Assets Investment Management LLC bought a new position in KULR Technology Group during the fourth quarter worth $56,000. Maiden Cove Capital LLC acquired a new position in shares of KULR Technology Group during the fourth quarter valued at $71,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in KULR Technology Group during the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 21.23% of the company's stock.

About KULR Technology Group

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.