KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.47, but opened at $3.40. KULR Technology Group shares last traded at $3.36, with a volume of 6,492,265 shares changing hands.

KULR Technology Group Trading Down 5.2 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The firm has a market capitalization of $787.23 million, a P/E ratio of -27.42 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in KULR Technology Group in the 3rd quarter worth about $29,000. Fortem Financial Group LLC bought a new position in KULR Technology Group during the fourth quarter worth about $298,000. XTX Topco Ltd bought a new position in KULR Technology Group during the second quarter worth about $31,000. Finally, Geode Capital Management LLC increased its stake in shares of KULR Technology Group by 44.5% in the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after purchasing an additional 479,026 shares in the last quarter. Institutional investors own 21.23% of the company’s stock.

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.