KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down - Here's Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report)'s share price gapped down before the market opened 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 traded.

KULR Technology Group Stock Performance

The stock has a market cap of $582.66 million, a PE ratio of -17.75 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KULR. Vanguard Group Inc. grew its holdings in KULR Technology Group by 71.8% during the fourth quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company's stock worth $29,278,000 after buying an additional 3,446,894 shares in the last quarter. 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 worth $443,000 after acquiring an additional 479,026 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of KULR Technology Group in the 4th quarter worth $1,231,000. Bank of America Corp DE lifted its position in shares of KULR Technology Group by 23,476.3% during the fourth quarter. Bank of America Corp DE now owns 297,769 shares of the company's stock valued at $1,057,000 after purchasing an additional 296,506 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of KULR Technology Group by 85.5% during the 4th quarter. Northern Trust Corp now owns 373,815 shares of the company's stock worth $1,327,000 after buying an additional 172,339 shares in the last quarter. Institutional investors and hedge funds 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.