KULR Technology Group (NYSEAMERICAN:KULR) Trading 9.7% Higher – Time to Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s stock price was up 9.7% during mid-day trading on Wednesday . The stock traded as high as $2.65 and last traded at $2.63. Approximately 9,874,316 shares changed hands during trading, a decline of 68% from the average daily volume of 30,984,396 shares. The stock had previously closed at $2.40.

KULR Technology Group Stock Up 11.9 %

The firm has a market cap of $734.48 million, a price-to-earnings ratio of -22.38 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 Inflows and Outflows

Several hedge funds have recently made changes to their positions in KULR. International Assets Investment Management LLC acquired a new stake in shares of KULR Technology Group in the 4th quarter valued at about $56,000. Maiden Cove Capital LLC bought a new stake in shares of KULR Technology Group during the fourth quarter valued at approximately $71,000. XTX Topco Ltd acquired a new position in shares of KULR Technology Group during the second quarter worth approximately $31,000. Fortem Financial Group LLC bought a new position in shares of KULR Technology Group in the 4th quarter worth $298,000. Finally, Virtu Financial LLC acquired a new stake in KULR Technology Group in the 3rd quarter valued at $29,000. 21.23% of the stock is owned by 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.