KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down - Time to Sell?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report)'s stock 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 company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81. The stock has a market capitalization of $582.66 million, a price-to-earnings ratio of -17.75 and a beta of 2.34.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake 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. International Assets Investment Management LLC bought a new position in shares of KULR Technology Group in the fourth quarter worth about $56,000. Virtu Financial LLC bought a new position in shares of KULR Technology Group in the third quarter worth about $29,000. Fortem Financial Group LLC bought a new position in shares of KULR Technology Group in the fourth quarter worth about $298,000. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of KULR Technology Group in the fourth quarter worth about $79,000. Institutional investors 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.