KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down - Here's What Happened

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) gapped down prior to trading 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.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a "buy" rating and issued a $40.00 price objective on shares of KULR Technology Group in a report on Tuesday, March 18th.

KULR Technology Group Trading Down 0.4%

The company has a market capitalization of $198.26 million, a price-to-earnings ratio of -4.99 and a beta of 2.30. The company has a fifty day moving average of $9.42 and a 200-day moving average of $11.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KULR. Kovitz Investment Group Partners LLC acquired a new position in shares of KULR Technology Group during the 1st quarter worth approximately $26,000. Calamos Advisors LLC purchased a new stake in shares of KULR Technology Group during the 1st quarter valued at approximately $34,000. Gotham Asset Management LLC purchased a new stake in shares of KULR Technology Group during the 4th quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of KULR Technology Group during the 1st quarter valued at approximately $40,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of KULR Technology Group during the 4th quarter valued at approximately $41,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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.