KULR Technology Group (NYSEAMERICAN:KULR) Rating Reiterated by Benchmark

Benchmark restated their speculative buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR) 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

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC boosted its holdings in KULR Technology Group by 78.2% in the fourth quarter. Virtu Financial LLC now owns 20,917 shares of the company’s stock worth $25,000 after purchasing an additional 9,181 shares during the last quarter. Marshall Wace LLP purchased a new stake in KULR Technology Group in the fourth quarter worth approximately $36,000. LPL Financial LLC purchased a new stake in KULR Technology Group in the second quarter worth approximately $46,000. Price T Rowe Associates Inc. MD boosted its holdings in KULR Technology Group by 62.4% in the fourth 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. Finally, Ergoteles LLC purchased a new stake in KULR Technology Group in the first quarter worth approximately $101,000. Hedge funds and other institutional investors own 21.23% of the company’s stock.

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.