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

KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $3.42, but opened at $3.52. KULR Technology Group shares last traded at $4.36, with a volume of 27,779,337 shares changing hands.

KULR Technology Group Stock Up 40.4 %

The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -40.00 and a beta of 3.17.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds and other institutional investors have recently bought and sold shares of KULR. Virtu Financial LLC bought a new position in shares of KULR Technology Group in the third quarter valued at about $29,000. Geode Capital Management LLC increased its position in KULR Technology Group by 44.5% during 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 during the period. Finally, XTX Topco Ltd acquired a new stake in KULR Technology Group in the 2nd quarter worth about $31,000. Institutional investors own 21.23% of the company's stock.

KULR Technology Group Company Profile

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.