KULR Technology Group (NYSEAMERICAN:KULR) Stock Price Up 11.3% – Time to Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price traded up 11.3% during trading on Thursday . The company traded as high as $2.69 and last traded at $2.56. 8,734,972 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 31,867,789 shares. The stock had previously closed at $2.30.

KULR Technology Group Stock Down 8.1 %

The company has a market capitalization of $545.56 million, a P/E ratio of -19.00 and a beta of 2.43. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On KULR Technology Group

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of KULR Technology Group in the 3rd quarter worth $29,000. XTX Topco Ltd purchased a new stake in shares of KULR Technology Group during the 2nd quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in KULR Technology Group in the fourth quarter worth approximately $56,000. Maiden Cove Capital LLC purchased a new position in shares of KULR Technology Group during the 4th quarter worth $71,000. Finally, Fortem Financial Group LLC bought a new stake in shares of KULR Technology Group during the 4th quarter valued at $298,000. 21.23% of the stock is 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.