KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 7.8% - Here's What Happened

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) traded down 7.8% during mid-day trading on Tuesday . The company traded as low as $6.16 and last traded at $6.17. 1,127,624 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 2,004,639 shares. The stock had previously closed at $6.69.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a "buy" rating and set a $40.00 price objective on shares of KULR Technology Group in a research note on Tuesday, March 18th.

KULR Technology Group Stock Performance

The business's 50 day simple moving average is $9.42 and its 200-day simple moving average is $11.59. The company has a market cap of $238.18 million, a price-to-earnings ratio of -6.00 and a beta of 2.30.

Hedge Funds Weigh In On KULR Technology Group

Several institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in KULR Technology Group during the 4th quarter valued at approximately $108,000. SBI Securities Co. Ltd. bought a new position in shares of KULR Technology Group during the fourth quarter valued at $96,000. Charles Schwab Investment Management Inc. bought a new stake in shares of KULR Technology Group during the fourth quarter worth $403,000. Victory Capital Management Inc. bought a new stake in shares of KULR Technology Group in the 4th quarter valued at about $87,000. Finally, Raymond James Financial Inc. bought a new position in KULR Technology Group during the 4th quarter worth approximately $120,000. 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.