KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Down – Time to Sell?

Posted by Amber O'Connor on Jan 23rd, 2025

KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Get Free Report) shares 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 changing hands.

KULR Technology Group Stock Performance

The stock has a market cap of $667.46 million, a P/E ratio of -20.33 and a beta of 2.43. 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 institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in KULR Technology Group in the second quarter valued at approximately $31,000. Geode Capital Management LLC raised its position in KULR Technology Group by 44.5% in the third 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 during the period. Virtu Financial LLC purchased a new stake in KULR Technology Group in the third quarter valued at $29,000. Fortem Financial Group LLC acquired a new position in shares of KULR Technology Group in the 4th quarter valued at $298,000. Finally, International Assets Investment Management LLC purchased a new position in shares of KULR Technology Group during the 4th quarter worth $56,000. 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.