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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) gapped down prior to trading on Wednesday . The stock had previously closed at $2.37, but opened at $2.25. KULR Technology Group shares last traded at $2.34, with a volume of 2,756,302 shares trading hands.

KULR Technology Group Price Performance

The stock has a market capitalization of $630.53 million, a price-to-earnings ratio of -18.98 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Hedge Funds Weigh In On KULR Technology Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of KULR Technology Group by 71.8% in the 4th quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company’s stock valued at $29,278,000 after purchasing an additional 3,446,894 shares during the period. Geode Capital Management LLC grew its stake in shares of KULR Technology Group by 44.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after purchasing an additional 479,026 shares during the period. Charles Schwab Investment Management Inc. bought a new stake in shares of KULR Technology Group in the 4th quarter valued at approximately $403,000. Virtu Financial LLC bought a new stake in shares of KULR Technology Group in the 3rd quarter valued at approximately $29,000. Finally, Fortem Financial Group LLC bought a new stake in shares of KULR Technology Group in the 4th quarter valued at approximately $298,000. 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.