KULR Technology Group (NYSEAMERICAN:KULR) Receives “Speculative Buy” Rating from Benchmark

Benchmark reissued their speculative buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $1.00 target price on the stock.

KULR Technology Group Stock Performance

Shares of KULR Technology Group stock opened at 0.41 on Tuesday. The firm has a market cap of $52.18 million, a price-to-earnings ratio of -2.04 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 Transactions at KULR Technology Group

In other news, major shareholder Timothy Ray Knowles sold 460,037 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of 0.22, for a total value of 101,208.14. Following the sale, the insider now owns 14,629,365 shares of the company’s stock, valued at approximately 3,218,460.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.76% of the company’s stock.

Hedge Funds Weigh In On KULR Technology Group

A number of hedge funds have recently modified their holdings of KULR. Virtu Financial LLC grew its holdings in shares of KULR Technology Group by 78.2% in the 4th quarter. Virtu Financial LLC now owns 20,917 shares of the company’s stock worth $25,000 after acquiring an additional 9,181 shares during the last quarter. Chapin Davis Inc. grew its holdings in shares of KULR Technology Group by 45.5% during the first quarter. Chapin Davis Inc. now owns 80,000 shares of the company’s stock valued at $30,000 after buying an additional 25,000 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of KULR Technology Group during the fourth quarter valued at $36,000. LPL Financial LLC purchased a new position in shares of KULR Technology Group during the second quarter valued at $46,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of 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 buying an additional 21,900 shares in the last quarter. 21.23% of the stock is currently owned by institutional investors and hedge funds.

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.