KULR Technology Group (NYSEAMERICAN:KULR) Sees Strong Trading Volume – What’s Next?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) shares saw unusually-high trading volume on Friday . Approximately 26,134,750 shares traded hands during mid-day 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 Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -37.83 and a beta of 3.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of KULR Technology Group during the third quarter worth about $29,000. XTX Topco Ltd bought a new position in shares of KULR Technology Group during the 2nd quarter worth approximately $31,000. Finally, 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 valued at $443,000 after purchasing an additional 479,026 shares during the last quarter. Institutional investors and hedge funds 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.