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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price gapped down before the market opened on Monday . The stock had previously closed at $2.41, but opened at $2.13. KULR Technology Group shares last traded at $2.10, with a volume of 25,139,293 shares changing hands.

KULR Technology Group Stock Performance

The stock has a market capitalization of $528.81 million, a PE ratio of -18.42 and a beta of 3.17. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Institutional Trading of KULR Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after acquiring an additional 479,026 shares during the period. Virtu Financial LLC bought a new stake in KULR Technology Group in the third quarter worth $29,000. Fortem Financial Group LLC bought a new position in shares of KULR Technology Group in the 4th quarter valued at approximately $298,000. XTX Topco Ltd bought a new position in shares of KULR Technology Group in the second quarter valued at approximately $31,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of KULR Technology Group in the fourth quarter worth $56,000. 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.