KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 0.7% – Should You Sell?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price was down 0.7% during trading on Wednesday . The stock traded as low as $2.78 and last traded at $2.82. Approximately 1,011,644 shares traded hands during 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 Stock Down 0.7%

The stock’s 50-day moving average price is $3.28 and its 200-day moving average price is $3.69. The company has a market capitalization of $128.79 million, a price-to-earnings ratio of -4.21 and a beta of 1.96.

Institutional Investors Weigh In On KULR Technology Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in KULR Technology Group by 9.8% in the third quarter. Vanguard Group Inc. now owns 1,981,975 shares of the company’s stock valued at $8,245,000 after acquiring an additional 177,617 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of KULR Technology Group by 81.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 977,318 shares of the company’s stock valued at $1,290,000 after purchasing an additional 438,526 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of KULR Technology Group by 12.1% during the 4th quarter. Geode Capital Management LLC now owns 868,061 shares of the company’s stock valued at $2,570,000 after purchasing an additional 94,017 shares during the last quarter. Marshall Wace LLP acquired a new position in KULR Technology Group in the 4th quarter worth about $1,900,000. Finally, State Street Corp increased its holdings in KULR Technology Group by 1.5% in the fourth quarter. State Street Corp now owns 626,408 shares of the company’s stock valued at $1,854,000 after purchasing an additional 9,290 shares during the period. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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