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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report)'s stock price gapped down prior to trading 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 traded.

KULR Technology Group Stock Down 0.9 %

The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $550.34 million, a P/E ratio of -19.17 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in KULR Technology Group during the fourth quarter valued at approximately $56,000. Fortem Financial Group LLC bought a new stake in shares of KULR Technology Group in the fourth quarter valued at approximately $298,000. Virtu Financial LLC bought a new stake in shares of KULR Technology Group in the third quarter valued at approximately $29,000. Geode Capital Management LLC boosted its position 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 valued at $443,000 after acquiring an additional 479,026 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of KULR Technology Group in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 21.23% of the company's stock.

About KULR Technology Group

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.

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