KULR Technology Group’s (KULR) “Speculative Buy” Rating Reiterated at Benchmark

Benchmark reiterated their speculative buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR) in a research note released on Tuesday morning, Benzinga reports. The firm currently has a $1.00 price target on the stock.

KULR Technology Group Price Performance

KULR stock opened at 0.41 on Tuesday. KULR Technology Group has a 52-week low of 0.10 and a 52-week high of 1.10. The stock has a market cap of $52.18 million, a price-to-earnings ratio of -2.04 and a beta of 2.08.

Insiders Place Their Bets

In other KULR Technology Group news, major shareholder Timothy Ray Knowles sold 460,037 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of 0.22, for a total transaction of 101,208.14. Following the completion of the transaction, the insider now owns 14,629,365 shares in the company, valued at 3,218,460.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.76% of the company’s stock.

Institutional Trading of KULR Technology Group

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC increased its holdings in shares of KULR Technology Group by 78.2% in the fourth quarter. Virtu Financial LLC now owns 20,917 shares of the company’s stock valued at $25,000 after purchasing an additional 9,181 shares in the last quarter. Chapin Davis Inc. raised its position in KULR Technology Group by 45.5% in the 1st quarter. Chapin Davis Inc. now owns 80,000 shares of the company’s stock worth $30,000 after purchasing an additional 25,000 shares during the last quarter. Marshall Wace LLP bought a new position in KULR Technology Group in the 4th quarter worth approximately $36,000. LPL Financial LLC bought a new position in KULR Technology Group in the 2nd quarter worth approximately $46,000. Finally, Price T Rowe Associates Inc. MD raised its position in KULR Technology Group by 62.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 57,000 shares of the company’s stock worth $68,000 after purchasing an additional 21,900 shares during the last quarter. Institutional investors and hedge funds own 21.23% of the company’s stock.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for batteries, electronics, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; fiber thermal interface materials; phase change material heatsinks; internal short circuit device; KULR battery cell screening and testing automation system and tech safe case; cellcheck; and CRUX cathodes.