KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report)'s stock price traded down 6% during mid-day trading on Tuesday . The stock traded as low as $2.38 and last traded at $2.45. 4,347,587 shares changed hands during trading, a decline of 81% from the average session volume of 22,952,271 shares. The stock had previously closed at $2.60.
The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $615.49 million, a PE ratio of -18.75 and a beta of 2.34.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of KULR Technology Group by 71.8% in the fourth quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company's stock worth $29,278,000 after buying an additional 3,446,894 shares during the period. Geode Capital Management LLC increased its holdings in shares of KULR Technology Group by 11.8% in the fourth quarter. Geode Capital Management LLC now owns 1,738,346 shares of the company's stock worth $6,174,000 after buying an additional 183,091 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in shares of KULR Technology Group in the fourth quarter worth about $403,000. Virtu Financial LLC purchased a new position in shares of KULR Technology Group in the third quarter worth about $29,000. Finally, Fortem Financial Group LLC purchased a new position in shares of KULR Technology Group in the fourth quarter worth about $298,000. Institutional investors own 21.23% of the company's stock.
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.
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