KULR Technology Group (NYSEAMERICAN:KULR) Shares Up 11.3% – Should You Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price rose 11.3% during trading on Thursday . The company traded as high as $2.69 and last traded at $2.56. Approximately 8,734,972 shares traded hands during trading, a decline of 73% from the average daily volume of 31,867,789 shares. The stock had previously closed at $2.30.

KULR Technology Group Trading Up 7.6 %

The firm has a market capitalization of $592.22 million, a P/E ratio of -20.63 and a beta of 2.43. 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 have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of KULR Technology Group by 44.5% in the third 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 period. Virtu Financial LLC purchased a new stake in KULR Technology Group during the 3rd quarter worth about $29,000. Fortem Financial Group LLC purchased a new stake in KULR Technology Group during the 4th quarter worth about $298,000. XTX Topco Ltd purchased a new stake in KULR Technology Group during the 2nd quarter worth about $31,000. Finally, Maiden Cove Capital LLC purchased a new stake in KULR Technology Group during the 4th quarter worth about $71,000. 21.23% of the stock is currently owned by institutional investors.

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.