KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 4.1% – Should You Sell?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shares dropped 4.1% during mid-day trading on Thursday . The company traded as low as $2.45 and last traded at $2.46. Approximately 3,705,880 shares were traded during trading, a decline of 88% from the average daily volume of 30,141,666 shares. The stock had previously closed at $2.56.

KULR Technology Group Stock Performance

The company has a market cap of $672.93 million, a P/E ratio of -20.50 and a beta of 2.43. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On KULR Technology Group

Several hedge funds have recently modified their holdings of KULR. Virtu Financial LLC bought a new stake in KULR Technology Group during the third quarter valued at about $29,000. XTX Topco Ltd bought a new stake in shares of KULR Technology Group in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new stake in shares of KULR Technology Group in the 4th quarter valued at about $56,000. Maiden Cove Capital LLC purchased a new position in shares of KULR Technology Group in the 4th quarter worth approximately $71,000. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of KULR Technology Group during the 4th quarter worth approximately $79,000. 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.