Benchmark Reaffirms “Speculative Buy” Rating for KULR Technology Group (NYSEAMERICAN:KULR)

KULR Technology Group (NYSEAMERICAN:KULR)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $1.00 price target on the stock.

KULR Technology Group Price Performance

Shares of NYSEAMERICAN:KULR opened at 0.48 on Tuesday. The firm has a market capitalization of $61.40 million, a P/E ratio of -2.40 and a beta of 2.08. KULR Technology Group has a 1 year low of 0.10 and a 1 year high of 1.10.

Insider Buying and Selling

In related news, major shareholder Timothy Ray Knowles sold 361,338 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of 0.29, for a total value of 104,788.02. Following the completion of the sale, the insider now directly owns 14,268,027 shares in the company, valued at 4,137,727.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KULR Technology Group

Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC boosted its holdings in KULR Technology Group by 78.2% during the fourth quarter. Virtu Financial LLC now owns 20,917 shares of the company’s stock valued at $25,000 after acquiring an additional 9,181 shares during the period. Marshall Wace LLP bought a new stake in KULR Technology Group during the fourth quarter valued at about $36,000. LPL Financial LLC bought a new stake in KULR Technology Group during the second quarter valued at about $46,000. Price T Rowe Associates Inc. MD boosted its holdings in KULR Technology Group by 62.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 57,000 shares of the company’s stock valued at $68,000 after acquiring an additional 21,900 shares during the period. Finally, Ergoteles LLC acquired a new position in shares of KULR Technology Group during the first quarter valued at about $101,000. 21.23% of the stock is currently owned by institutional investors.

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.