KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Down 6.6% – Time to Sell?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price was down 6.6% during trading on Friday . The company traded as low as $2.03 and last traded at $2.05. Approximately 10,335,880 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 25,497,967 shares. The stock had previously closed at $2.19.

KULR Technology Group Stock Performance

The firm has a market cap of $568.98 million, a P/E ratio of -17.33 and a beta of 2.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new stake in shares of KULR Technology Group in the second quarter worth about $31,000. Geode Capital Management LLC grew its position in KULR Technology Group by 44.5% in the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after acquiring an additional 479,026 shares in the last quarter. Virtu Financial LLC bought a new stake in KULR Technology Group during the third quarter worth approximately $29,000. Fortem Financial Group LLC purchased a new stake in KULR Technology Group during the fourth quarter valued at approximately $298,000. Finally, International Assets Investment Management LLC bought a new stake in shares of KULR Technology Group in the 4th quarter valued at approximately $56,000. 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.