KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 6.6% – Here’s Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price traded down 6.6% during mid-day trading on Friday . The company traded as low as $2.03 and last traded at $2.05. 10,335,880 shares traded hands during mid-day 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 Trading Down 5.0 %

The stock has a market cap of $568.98 million, a P/E ratio of -17.33 and a beta of 2.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81.

Institutional Trading of KULR Technology Group

Hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in KULR Technology Group during the 4th quarter worth $108,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of KULR Technology Group during the 4th quarter worth approximately $79,000. Maiden Cove Capital LLC purchased a new stake in shares of KULR Technology Group during the 4th quarter valued at approximately $71,000. International Assets Investment Management LLC purchased a new position in KULR Technology Group in the fourth quarter worth approximately $56,000. Finally, Fortem Financial Group LLC purchased a new position in KULR Technology Group in the fourth quarter worth approximately $298,000. 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.