KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Up – Time to Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.55, but opened at $3.86. KULR Technology Group shares last traded at $3.64, with a volume of 11,842,041 shares traded.

KULR Technology Group Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81. The company has a market cap of $794.41 million, a PE ratio of -27.67 and a beta of 3.17.

Institutional Investors Weigh In On KULR Technology Group

Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of KULR Technology Group during the third quarter worth $29,000. XTX Topco Ltd bought a new stake in KULR Technology Group during the 2nd quarter valued at about $31,000. Finally, Geode Capital Management LLC boosted its position in KULR Technology Group by 44.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after buying an additional 479,026 shares during the period. Institutional investors own 21.23% of the company’s stock.

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.