KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) gapped down prior to trading on Wednesday . The stock had previously closed at $2.37, but opened at $2.25. KULR Technology Group shares last traded at $2.34, with a volume of 2,756,302 shares trading hands.

KULR Technology Group Price Performance

The company has a market cap of $630.53 million, a P/E ratio of -18.98 and a beta of 2.34. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KULR. JPMorgan Chase & Co. increased its position in KULR Technology Group by 10,284.8% during the fourth quarter. JPMorgan Chase & Co. now owns 39,047 shares of the company’s stock worth $139,000 after buying an additional 38,671 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of KULR Technology Group by 71.8% during the fourth quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company’s stock worth $29,278,000 after acquiring an additional 3,446,894 shares during the period. Guardian Partners Inc. bought a new stake in shares of KULR Technology Group in the fourth quarter valued at approximately $71,000. Maiden Cove Capital LLC bought a new stake in shares of KULR Technology Group in the fourth quarter valued at approximately $71,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of KULR Technology Group in the fourth quarter valued at approximately $285,000. 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.