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

KULR Technology Group logo with Computer and Technology background
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KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $2.18, but opened at $2.10. KULR Technology Group shares last traded at $2.13, with a volume of 2,235,147 shares traded.

KULR Technology Group Stock Performance

The stock has a market capitalization of $563.51 million, a price-to-earnings ratio of -17.17 and a beta of 2.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81.

Hedge Funds Weigh In On KULR Technology Group

Several institutional investors and hedge funds have recently bought and sold shares of KULR. Geode Capital Management LLC lifted its holdings 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 during the last quarter. Virtu Financial LLC acquired a new position in shares of KULR Technology Group in the 3rd quarter worth approximately $29,000. Fortem Financial Group LLC acquired a new position in shares of KULR Technology Group in the 4th quarter worth approximately $298,000. Sanctuary Advisors LLC acquired a new position in shares of KULR Technology Group in the 4th quarter worth approximately $108,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of KULR Technology Group in the 4th quarter worth approximately $79,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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KULR Technology Group Company Profile

(Get Free Report)

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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