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 Monday . The stock had previously closed at $4.66, but opened at $4.50. KULR Technology Group shares last traded at $4.23, with a volume of 14,490,862 shares changing hands.

KULR Technology Group Stock Down 6.4 %

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 company has a market cap of $1.04 billion, a PE ratio of -36.33 and a beta of 3.17.

Institutional Trading of KULR Technology Group

A number of hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of KULR Technology Group during the 2nd quarter valued at about $31,000. Geode Capital Management LLC lifted its holdings in 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 period. Finally, Virtu Financial LLC purchased a new stake in KULR Technology Group in the third quarter worth $29,000. 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.