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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $3.47, but opened at $3.40. KULR Technology Group shares last traded at $3.36, with a volume of 6,492,265 shares changing hands.

KULR Technology Group Price Performance

The firm has a market capitalization of $665.20 million, a PE ratio of -23.17 and a beta of 3.17. 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

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in KULR Technology Group during the third quarter worth $29,000. Fortem Financial Group LLC purchased a new stake in shares of KULR Technology Group during the 4th quarter valued at $298,000. XTX Topco Ltd purchased a new stake in shares of KULR Technology Group during the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in shares of KULR Technology Group during the 4th quarter worth $56,000. Finally, Geode Capital Management LLC boosted 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 buying an additional 479,026 shares during the last quarter. 21.23% of the stock is owned by hedge funds and other 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.