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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shares gapped down before the market opened 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.

KULR Technology Group Trading Down 5.2 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The firm has a market capitalization of $787.23 million, a price-to-earnings ratio of -27.42 and a beta of 3.17.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in KULR Technology Group during the third quarter worth $29,000. XTX Topco Ltd purchased a new position in KULR Technology Group during the 2nd quarter worth $31,000. Fortem Financial Group LLC purchased a new stake in shares of KULR Technology Group in the fourth quarter valued at about $298,000. Finally, Geode Capital Management LLC lifted its position 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 valued at $443,000 after purchasing an additional 479,026 shares in the last quarter. Institutional investors and hedge funds 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.