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 $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 Price 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 firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -37.50 and a beta of 3.17.

Institutional Inflows and Outflows

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