KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Up – Still a Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shares gapped up before the market opened on Thursday . The stock had previously closed at $2.08, but opened at $2.90. KULR Technology Group shares last traded at $2.63, with a volume of 46,552,639 shares.

KULR Technology Group Stock Performance

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 company has a market capitalization of $705.88 million, a P/E ratio of -24.58 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in KULR Technology Group in the 3rd quarter valued at about $29,000. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 479,026 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of KULR Technology Group in the second quarter valued at approximately $31,000. 21.23% of the stock is currently owned by 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.