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 trading hands.

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 firm has a market capitalization of $665.20 million, a P/E ratio of -23.17 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds have recently bought and sold shares of KULR. Geode Capital Management LLC grew its position in shares of KULR Technology Group by 44.5% during 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 period. Virtu Financial LLC bought a new position in KULR Technology Group during the third quarter worth $29,000. Fortem Financial Group LLC acquired a new stake in KULR Technology Group in the fourth quarter worth $298,000. XTX Topco Ltd acquired a new stake in KULR Technology Group in the second quarter worth $31,000. Finally, International Assets Investment Management LLC bought a new stake in KULR Technology Group in the fourth quarter valued at $56,000. 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.