Benchmark restated their speculative buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR – Free Report) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $1.00 price objective on the stock.
KULR Technology Group Stock Performance
Shares of KULR opened at 0.51 on Tuesday. The stock has a market capitalization of $64.60 million, a price-to-earnings ratio of -2.53 and a beta of 2.06. KULR Technology Group has a fifty-two week low of 0.10 and a fifty-two week high of 1.10.
Insider Activity
In other news, major shareholder Timothy Ray Knowles sold 361,338 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of 0.29, for a total transaction of 104,788.02. Following the sale, the insider now owns 14,268,027 shares in the company, valued at 4,137,727.83. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 16.76% of the company’s stock.
Institutional Investors Weigh In On KULR Technology Group
About KULR Technology Group
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.
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