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

Posted by Donna Armstrong on Jan 23rd, 2025

KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Get Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $2.28, but opened at $2.15. KULR Technology Group shares last traded at $2.19, with a volume of 7,118,903 shares.

KULR Technology Group Trading Down 4.7 %

The firm has a market capitalization of $667.46 million, a price-to-earnings ratio of -20.33 and a beta of 2.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Trading of KULR Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in KULR Technology Group by 44.5% during the 3rd 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. Virtu Financial LLC acquired a new position in shares of KULR Technology Group in the 3rd quarter valued at $29,000. Fortem Financial Group LLC purchased a new position in KULR Technology Group in the 4th quarter worth $298,000. XTX Topco Ltd acquired a new stake in KULR Technology Group during the 2nd quarter worth about $31,000. Finally, Joseph P. Lucia & Associates LLC purchased a new stake in KULR Technology Group during the 4th quarter valued at about $79,000. Hedge funds and other institutional investors own 21.23% of the company’s stock.

KULR Technology Group Company Profile

(Get Free Report)

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.