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

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

KULR Technology Group Stock Up 20.8 %

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 have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in KULR Technology Group in the second quarter valued at about $31,000. Virtu Financial LLC acquired a new position in KULR Technology Group in the third quarter worth $29,000. Finally, 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 valued at $443,000 after buying an additional 479,026 shares during the last quarter. Hedge funds and other 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.