KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down - What's Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $6.92, but opened at $6.40. KULR Technology Group shares last traded at $6.41, with a volume of 681,892 shares trading hands.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a "buy" rating and set a $5.00 price target on shares of KULR Technology Group in a research report on Tuesday, March 18th.

KULR Technology Group Stock Performance

The business's fifty day simple moving average is $1.22 and its 200-day simple moving average is $1.44. The company has a market capitalization of $2.00 billion, a P/E ratio of -50.12 and a beta of 2.30.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Kovitz Investment Group Partners LLC bought a new position in shares of KULR Technology Group during the first quarter valued at approximately $26,000. Calamos Advisors LLC purchased a new position in KULR Technology Group during the 1st quarter worth $34,000. Gotham Asset Management LLC bought a new stake in KULR Technology Group during the 4th quarter valued at $39,000. Caitong International Asset Management Co. Ltd bought a new position in shares of KULR Technology Group during the 1st quarter worth $40,000. Finally, Brevan Howard Capital Management LP bought a new position in KULR Technology Group during the 4th quarter worth about $41,000. Institutional investors 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.

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