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KULR Technology Group (NYSEAMERICAN:KULR) Sees Strong Trading Volume - Here's What Happened

KULR Technology Group logo with Computer and Technology background

Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 8,853,520 shares were traded during trading, a decline of 17% from the previous session's volume of 10,700,544 shares.The stock last traded at $2.17 and had previously closed at $2.24.

KULR Technology Group Price Performance

The stock has a market capitalization of $705.88 million, a price-to-earnings ratio of -24.58 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of KULR Technology Group by 44.5% in the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company's stock worth $443,000 after buying an additional 479,026 shares during the period. Virtu Financial LLC purchased a new stake in KULR Technology Group in the third quarter worth $29,000. Finally, XTX Topco Ltd bought a new stake in shares of KULR Technology Group during the second quarter worth $31,000. Institutional investors own 21.23% of the company's stock.

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.

Further Reading

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