KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down – Here’s Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price gapped down prior to trading 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 trading hands.

KULR Technology Group Stock Down 6.7 %

The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The firm has a market cap of $556.67 million, a PE ratio of -16.96 and a beta of 2.43.

Hedge Funds Weigh In On KULR Technology Group

Several institutional investors have recently added to or reduced their stakes in KULR. Virtu Financial LLC acquired a new position in KULR Technology Group during the 3rd quarter worth approximately $29,000. XTX Topco Ltd purchased a new stake in shares of KULR Technology Group in the second quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new position in shares of KULR Technology Group during the fourth quarter valued at approximately $56,000. Maiden Cove Capital LLC purchased a new stake in KULR Technology Group in the 4th quarter valued at $71,000. Finally, Joseph P. Lucia & Associates LLC purchased a new position in KULR Technology Group during the 4th quarter worth $79,000. 21.23% of the stock is owned by institutional investors and hedge funds.

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.