KULR Technology Group (NYSEAMERICAN:KULR) Sets New 12-Month High – Should You Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $2.38 and last traded at $2.32, with a volume of 51786032 shares changing hands. The stock had previously closed at $1.44.

KULR Technology Group Stock Up 40.2 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The firm has a market cap of $483.18 million, a price-to-earnings ratio of -16.83 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

Institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in KULR Technology Group in the second quarter worth approximately $31,000. Geode Capital Management LLC grew 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 worth $443,000 after acquiring an additional 479,026 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of KULR Technology Group during the 3rd quarter worth $29,000. 21.23% of the stock is currently owned by hedge funds and other 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.