KULR Technology Group (NYSEAMERICAN:KULR) Shares Up 11.3% – Should You Buy?

KULR Technology Group, Inc. (NYSEAMERICAN:KULR)’s share price shot up 11.3% during mid-day trading on Thursday . The company traded as high as $2.69 and last traded at $2.56. 8,734,972 shares were traded during 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 Up 7.6 %

The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $592.22 million, a price-to-earnings ratio of -20.63 and a beta of 2.43.

Institutional Trading of KULR Technology Group

Large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in KULR Technology Group in the third quarter valued at about $29,000. XTX Topco Ltd acquired a new stake in KULR Technology Group during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in KULR Technology Group in the fourth quarter valued at approximately $56,000. Maiden Cove Capital LLC acquired a new stake in KULR Technology Group in the fourth quarter valued at approximately $71,000. Finally, Fortem Financial Group LLC acquired a new stake in KULR Technology Group in the fourth quarter valued at approximately $298,000. 21.23% of the stock is owned by institutional investors and hedge funds.

KULR Technology Group Company Profile

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.