KULR Technology Group (NYSEAMERICAN:KULR) Sees Unusually-High Trading Volume – Time to Buy?

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw unusually-high trading volume on Friday . Approximately 26,134,750 shares traded hands during mid-day trading, an increase of 123% from the previous session’s volume of 11,710,994 shares.The stock last traded at $5.22 and had previously closed at $4.80.

KULR Technology Group Trading Down 5.4 %

The stock has a market capitalization of $1.09 billion, a PE ratio of -37.83 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 Trading of KULR Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of KULR. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 479,026 shares during the period. Virtu Financial LLC bought a new stake in KULR Technology Group in the third quarter worth approximately $29,000. Finally, XTX Topco Ltd bought a new position in shares of KULR Technology Group during the 2nd quarter worth approximately $31,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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.