KULR Technology Group (NYSEAMERICAN:KULR) Sees Strong Trading Volume – Should You Buy?

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw unusually-high trading volume on Friday . Approximately 8,853,520 shares were traded during mid-day trading, a decline of 17% from the previous session’s volume of 10,700,544 shares.The stock last traded at $2.17 and had previously closed at $2.24.

KULR Technology Group Stock Performance

The stock has a market cap of $705.88 million, a PE ratio of -24.58 and a beta of 3.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Trading of KULR Technology Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in KULR Technology Group in the 2nd quarter valued at about $31,000. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 479,026 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of KULR Technology Group in the third quarter valued at approximately $29,000. Hedge funds and other 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.