Traders Purchase Large Volume of Call Options on KULR Technology Group (NYSEAMERICAN:KULR)

KULR Technology Group, Inc. (NYSEAMERICAN:KULR) saw some unusual options trading activity on Tuesday. Stock investors purchased 22,070 call options on the company. This is an increase of 1,229% compared to the average volume of 1,661 call options.

Hedge Funds Weigh In On KULR Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of KULR. XTX Topco Ltd acquired a new position in shares of KULR Technology Group during the second quarter valued at about $31,000. Virtu Financial LLC bought a new position in KULR Technology Group in the 3rd quarter valued at about $29,000. Finally, Geode Capital Management LLC lifted its position in KULR Technology Group by 44.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock valued at $443,000 after acquiring an additional 479,026 shares in the last quarter. 21.23% of the stock is currently owned by institutional investors.

KULR Technology Group Trading Down 0.5 %

Shares of KULR traded down $0.00 during trading hours on Tuesday, hitting $0.79. 85,301,026 shares of the stock were exchanged, compared to its average volume of 7,843,841. KULR Technology Group has a fifty-two week low of $0.10 and a fifty-two week high of $0.97. The stock has a market cap of $168.38 million, a PE ratio of -6.55 and a beta of 1.74. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “speculative buy” rating and issued a $1.00 price objective on shares of KULR Technology Group in a research note on Tuesday, August 13th.

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.