KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 6% – Here’s Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price was down 6% on Tuesday . The company traded as low as $2.38 and last traded at $2.45. Approximately 4,347,587 shares changed hands during trading, a decline of 81% from the average daily volume of 22,952,271 shares. The stock had previously closed at $2.60.

KULR Technology Group Trading Down 10.6 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The stock has a market cap of $636.00 million, a P/E ratio of -19.46 and a beta of 2.34.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in KULR. Kellett Wealth Advisors LLC bought a new stake in KULR Technology Group in the fourth quarter worth $43,000. International Assets Investment Management LLC bought a new stake in KULR Technology Group during the 4th quarter valued at about $56,000. Maiden Cove Capital LLC bought a new stake in KULR Technology Group during the 4th quarter valued at about $71,000. Joseph P. Lucia & Associates LLC bought a new stake in KULR Technology Group during the 4th quarter valued at about $79,000. Finally, Victory Capital Management Inc. bought a new position in KULR Technology Group in the fourth quarter valued at about $87,000. 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.