Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Get Free Report) fell 13.8% on Tuesday . The company traded as low as $3.30 and last traded at $3.57. 15,752,752 shares were traded during mid-day trading, an increase of 31% from the average session volume of 12,033,972 shares. The stock had previously closed at $4.14.
KULR Technology Group Trading Down 14.3 %
The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The firm has a market cap of $849.44 million, a price-to-earnings ratio of -29.58 and a beta of 3.17.
Institutional Investors Weigh In On KULR Technology Group
Several hedge funds have recently modified their holdings of KULR. Virtu Financial LLC purchased a new position in KULR Technology Group in the third quarter valued at about $29,000. XTX Topco Ltd bought a new position in shares of KULR Technology Group during the 2nd quarter worth approximately $31,000. Finally, Geode Capital Management LLC lifted its position in KULR Technology Group by 44.5% during the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after acquiring an additional 479,026 shares during the last quarter. Hedge funds and other 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.