KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 4.7% – Should You Sell?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price was down 4.7% on Monday . The company traded as low as $2.68 and last traded at $2.81. Approximately 26,123,777 shares changed hands during mid-day trading, an increase of 136% from the average daily volume of 11,050,424 shares. The stock had previously closed at $2.95.

KULR Technology Group Trading Down 5.4 %

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81. The stock has a market cap of $667.59 million, a PE ratio of -23.25 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

Several large investors have recently modified their holdings of KULR. XTX Topco Ltd bought a new position in KULR Technology Group during the 2nd quarter valued at about $31,000. Virtu Financial LLC purchased a new position in shares of KULR Technology Group during the third quarter valued at approximately $29,000. Finally, Geode Capital Management LLC grew its stake 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.