KULR Technology Group (NYSEAMERICAN:KULR) Shares Gap Up – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) gapped up before the market opened on Tuesday . The stock had previously closed at $2.21, but opened at $2.74. KULR Technology Group shares last traded at $2.69, with a volume of 12,746,543 shares traded.

KULR Technology Group Stock Up 16.7 %

The company has a market cap of $617.34 million, a price-to-earnings ratio of -21.50 and a beta of 3.17. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On KULR Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of 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 worth $443,000 after buying an additional 479,026 shares in the last quarter. Virtu Financial LLC purchased a new position in KULR Technology Group during the 3rd quarter valued at about $29,000. Fortem Financial Group LLC bought a new stake in shares of KULR Technology Group in the 4th quarter valued at about $298,000. XTX Topco Ltd purchased a new stake in shares of KULR Technology Group in the 2nd quarter worth approximately $31,000. Finally, International Assets Investment Management LLC bought a new position in shares of KULR Technology Group during the fourth quarter valued at approximately $56,000. 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.