KULR Technology Group (NYSEAMERICAN:KULR) Trading Down 0.7% – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price dropped 0.7% during trading on Wednesday . The company traded as low as $2.78 and last traded at $2.82. Approximately 1,011,644 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 999,689 shares. The stock had previously closed at $2.84.

KULR Technology Group Trading Down 0.7%

The company’s fifty day moving average is $3.28 and its 200-day moving average is $3.69. The firm has a market capitalization of $128.79 million, a P/E ratio of -4.21 and a beta of 1.96.

Institutional Investors Weigh In On KULR Technology Group

Hedge funds have recently bought and sold shares of the company. Aristides Capital LLC acquired a new position in shares of KULR Technology Group during the 4th quarter worth about $160,000. XTX Topco Ltd raised its stake in KULR Technology Group by 294.4% during the 4th quarter. XTX Topco Ltd now owns 94,499 shares of the company’s stock valued at $280,000 after purchasing an additional 70,540 shares during the last quarter. AQR Capital Management LLC grew its position in KULR Technology Group by 62.7% in the 4th quarter. AQR Capital Management LLC now owns 23,614 shares of the company’s stock worth $70,000 after purchasing an additional 9,098 shares during the last quarter. Jump Financial LLC acquired a new position in shares of KULR Technology Group during the fourth quarter valued at about $613,000. Finally, Price T Rowe Associates Inc. MD grew its position in KULR Technology Group by 13.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 40,578 shares of the company’s stock worth $121,000 after buying an additional 4,757 shares in the last quarter. 21.23% of the stock is currently owned by institutional investors.

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. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.