KULR Technology Group Target of Unusually Large Options Trading (NYSEAMERICAN:KULR)

Posted by ABMN Staff on Nov 27th, 2024

KULR Technology Group, Inc. (NYSEAMERICAN:KULR – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 22,070 call options on the company. This represents an increase of 1,229% compared to the typical daily volume of 1,661 call options.

KULR Technology Group Trading Down 2.1 %

Shares of KULR opened at $0.77 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. KULR Technology Group has a 52-week low of $0.10 and a 52-week high of $0.97. The stock has a market capitalization of $165.73 million, a PE ratio of -6.40 and a beta of 1.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of KULR Technology Group in the second quarter valued at $31,000. Geode Capital Management LLC increased its holdings in KULR Technology Group by 44.5% during 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. Finally, Virtu Financial LLC purchased a new position in KULR Technology Group during the 3rd quarter valued at about $29,000. 21.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “speculative buy” rating and set a $1.00 price objective on shares of KULR Technology Group in a report on Tuesday, August 13th.

Check Out Our Latest Analysis on KULR

About KULR Technology Group

(Get Free Report)

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.