KULR Technology Group (NYSEAMERICAN:KULR) Trading Down 13.2% – Time to Sell?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price dropped 13.2% during trading on Wednesday . The stock traded as low as $2.82 and last traded at $2.83. Approximately 8,230,153 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 34,168,910 shares. The stock had previously closed at $3.26.

KULR Technology Group Trading Down 13.2 %

The firm has a market capitalization of $677.16 million, a price-to-earnings ratio of -23.58 and a beta of 3.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81.

Hedge Funds Weigh In On KULR Technology Group

A number of large investors have recently bought and sold shares of KULR. International Assets Investment Management LLC bought a new position in shares of KULR Technology Group during the fourth quarter worth about $56,000. XTX Topco Ltd bought a new position in KULR Technology Group in the 2nd quarter worth about $31,000. Fortem Financial Group LLC bought a new position in KULR Technology Group in the 4th quarter worth about $298,000. Virtu Financial LLC acquired a new stake in shares of KULR Technology Group in the third quarter valued at approximately $29,000. Finally, Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 479,026 shares during the last quarter. 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.