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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) 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 changing hands.

KULR Technology Group Price Performance

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of KULR Technology Group by 44.5% during the third 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. International Assets Investment Management LLC acquired a new position in KULR Technology Group during the fourth quarter valued at $56,000. Virtu Financial LLC acquired a new position in shares of KULR Technology Group in the 3rd quarter valued at about $29,000. Fortem Financial Group LLC acquired a new stake in shares of KULR Technology Group during the 4th quarter worth approximately $298,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of KULR Technology Group in the 4th quarter valued at $79,000. 21.23% of the stock is currently owned by institutional investors.

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.