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

Benchmark restated their buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR) in a report released on Tuesday,Benzinga reports. Benchmark currently has a $5.00 target price on the stock.

KULR Technology Group Stock Down 3.7 %

Shares of KULR stock opened at $1.57 on Tuesday. KULR Technology Group has a 52 week low of $0.20 and a 52 week high of $5.49. The firm has a 50 day simple moving average of $2.10. The stock has a market cap of $429.47 million, a PE ratio of -13.08 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Investors Weigh In On KULR Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of KULR. Vanguard Group Inc. grew its position in KULR Technology Group by 71.8% during the 4th quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company’s stock worth $29,278,000 after purchasing an additional 3,446,894 shares during the last quarter. Geode Capital Management LLC grew its position in KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after purchasing an additional 479,026 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in KULR Technology Group during the 4th quarter worth $1,231,000. Bank of America Corp DE boosted its holdings in shares of KULR Technology Group by 23,476.3% in the fourth quarter. Bank of America Corp DE now owns 297,769 shares of the company’s stock valued at $1,057,000 after acquiring an additional 296,506 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of KULR Technology Group by 85.5% in the fourth quarter. Northern Trust Corp now owns 373,815 shares of the company’s stock valued at $1,327,000 after acquiring an additional 172,339 shares in the last quarter. 21.23% of the stock is currently owned by institutional investors and hedge funds.

KULR Technology Group Company Profile

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.