KULR Technology Group’s (KULR) Buy Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $5.00 price objective on the stock.

KULR Technology Group Trading Down 3.7 %

KULR stock opened at $1.57 on Tuesday. The stock has a market capitalization of $429.47 million, a P/E ratio of -13.08 and a beta of 2.34. KULR Technology Group has a 52 week low of $0.20 and a 52 week high of $5.49. The business’s 50-day moving average is $2.10. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

Institutional Trading of KULR Technology Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in KULR Technology Group by 44.5% during the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after acquiring an additional 479,026 shares during the last quarter. Virtu Financial LLC acquired a new position in KULR Technology Group during the third quarter worth about $29,000. Fortem Financial Group LLC acquired a new position in KULR Technology Group during the fourth quarter worth about $298,000. International Assets Investment Management LLC acquired a new position in KULR Technology Group during the fourth quarter worth about $56,000. Finally, Maiden Cove Capital LLC acquired a new position in KULR Technology Group during the fourth quarter worth about $71,000. 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 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.