KULR Technology Group (NYSEAMERICAN:KULR) Reaches New 52-Week High – Here’s Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $3.16 and last traded at $3.08, with a volume of 16539626 shares changing hands. The stock had previously closed at $2.83.

KULR Technology Group Price Performance

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 stock has a market capitalization of $811.16 million, a price-to-earnings ratio of -28.25 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 modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of KULR Technology Group during the 3rd quarter valued at about $29,000. XTX Topco Ltd bought a new stake in KULR Technology Group during the second quarter worth approximately $31,000. Finally, Geode Capital Management LLC raised 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 valued at $443,000 after purchasing 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.