KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Up 11.3% – Here’s What Happened

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) traded up 11.3% during mid-day trading on Thursday . The company traded as high as $2.69 and last traded at $2.56. 8,734,972 shares were traded during mid-day trading, a decline of 73% from the average session volume of 31,867,789 shares. The stock had previously closed at $2.30.

KULR Technology Group Stock Performance

The stock has a market cap of $545.56 million, a P/E ratio of -19.00 and a beta of 2.43. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On KULR Technology Group

Hedge funds have recently modified their holdings of the stock. Maiden Cove Capital LLC bought a new stake in KULR Technology Group in the fourth quarter worth $71,000. International Assets Investment Management LLC bought a new stake in KULR Technology Group during the fourth quarter worth approximately $56,000. Fortem Financial Group LLC purchased a new stake in KULR Technology Group during the fourth quarter valued at approximately $298,000. Virtu Financial LLC purchased a new position in shares of KULR Technology Group in the 3rd quarter worth approximately $29,000. Finally, Geode Capital Management LLC increased 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 acquiring 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.