Traders Buy Large Volume of KULR Technology Group Call Options (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) was the target of some unusual options trading on Tuesday. Investors purchased 22,070 call options on the stock. This represents an increase of 1,229% compared to the typical volume of 1,661 call options.

Institutional Trading of KULR Technology Group

A number of institutional investors and hedge funds have recently made changes to their positions in KULR. XTX Topco Ltd bought a new position in shares of KULR Technology Group in the second quarter valued at approximately $31,000. Virtu Financial LLC acquired a new position in KULR Technology Group in the 3rd quarter valued at $29,000. Finally, Geode Capital Management LLC grew its stake in KULR Technology Group by 44.5% in the 3rd 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 last quarter. Institutional investors and hedge funds own 21.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “speculative buy” rating and issued a $1.00 target price on shares of KULR Technology Group in a research note on Tuesday, August 13th.

KULR Technology Group Stock Down 6.3 %

KULR stock opened at $0.72 on Thursday. The firm has a market capitalization of $154.22 million, a P/E ratio of -5.97 and a beta of 1.74. KULR Technology Group has a 1 year low of $0.10 and a 1 year high of $0.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

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.