KULR Technology Group (NYSEAMERICAN:KULR) Shares Up 9.7% – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULRGet Free Report)’s stock price shot up 9.7% during mid-day trading on Wednesday . The company traded as high as $2.65 and last traded at $2.63. 9,874,316 shares changed hands during trading, a decline of 68% from the average session volume of 30,984,396 shares. The stock had previously closed at $2.40.

KULR Technology Group Price Performance

The stock has a market cap of $672.93 million, a PE ratio of -20.50 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 Investors Weigh In On KULR Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KULR. Geode Capital Management LLC raised its stake 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 worth $443,000 after purchasing an additional 479,026 shares in the last quarter. Virtu Financial LLC acquired a new position in KULR Technology Group during the third quarter worth $29,000. Fortem Financial Group LLC bought a new stake in KULR Technology Group during the fourth quarter worth $298,000. XTX Topco Ltd acquired a new stake in KULR Technology Group in the second quarter valued at $31,000. Finally, Joseph P. Lucia & Associates LLC bought a new position in shares of KULR Technology Group in the 4th quarter valued at about $79,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

KULR Technology Group Company Profile

(Get Free Report)

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.

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