KULR Technology Group (NYSEAMERICAN:KULR) Sees Strong Trading Volume – Here’s Why

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw an uptick in trading volume on Friday . 26,134,750 shares were traded during 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 Price Performance

The firm has a market cap of $1.12 billion, a P/E ratio of -38.83 and a beta of 3.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its position 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 during the period. Virtu Financial LLC purchased a new position in shares of KULR Technology Group during the third quarter worth $29,000. Finally, XTX Topco Ltd purchased a new position in shares of KULR Technology Group during the second quarter worth $31,000. 21.23% of the stock is currently owned by hedge funds and other institutional investors.

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.