KULR Technology Group (NYSEAMERICAN:KULR) Shares Down 8.9% - What's Next?

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) fell 8.9% during mid-day trading on Monday . The stock traded as low as $3.66 and last traded at $3.69. 1,878,819 shares were traded during trading, a decline of 31% from the average session volume of 2,731,499 shares. The stock had previously closed at $4.05.Get KULR Technology Group alerts:KULR Technology Group Stock Down 8.9%October's 4 Best Penny Stocks: High-Risk, High-Reward PicksThe company has a market capitalization of $168.52 million, a PE ratio of -5.51 and a beta of 2.06. The company has a 50-day moving average price of $3.40 and a two-hundred day moving average price of $4.28. Institutional Inflows and OutflowsA number of hedge funds have recently made changes to their positions in KULR. Focus Partners Wealth bought a new stake in KULR Technology Group in the 3rd quarter worth approximately $42,000. Schonfeld Strategic Advisors LLC bought a new position in KULR Technology Group during the 3rd quarter worth approximately $147,000. Virtu Financial LLC purchased a new position in KULR Technology Group in the 3rd quarter worth approximately $196,000. Bridgeway Capital Management LLC purchased a new position in KULR Technology Group in the 3rd quarter worth approximately $208,000. Finally, Squarepoint Ops LLC bought a new stake in KULR Technology Group in the 3rd quarter worth $138,000. 21.23% of the stock is currently owned by hedge funds and other institutional investors. About KULR Technology Group (Get Free Report)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.Further ReadingFive stocks we like better than KULR Technology GroupHow a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyThe $100 Trillion AI Story No One Is Telling YouNEW LAW: Congress Approves Setup For Digital Dollar?If You Keep Cash In A U.S. Bank Account… Read This NOWThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in KULR Technology Group Right Now?Before you consider KULR Technology Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KULR Technology Group wasn't on the list.While KULR Technology Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here