KULR Technology Group (NYSEAMERICAN:KULR) Given Speculative Buy Rating at Benchmark

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

KULR Technology Group Stock Performance

Shares of KULR stock opened at 0.51 on Tuesday. KULR Technology Group has a fifty-two week low of 0.10 and a fifty-two week high of 1.10. The firm has a market capitalization of $64.60 million, a price-to-earnings ratio of -2.53 and a beta of 2.06.

Insider Buying and Selling

In related news, major shareholder Timothy Ray Knowles sold 460,037 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of 0.22, for a total transaction of 101,208.14. Following the completion of the transaction, the insider now directly owns 14,629,365 shares of the company’s stock, valued at approximately 3,218,460.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.76% of the stock is owned by corporate insiders.

Institutional Trading of KULR Technology Group

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC grew its stake 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 valued at $25,000 after buying an additional 9,181 shares during the period. Marshall Wace LLP acquired a new stake in shares of KULR Technology Group in the 4th quarter valued at about $36,000. LPL Financial LLC acquired a new stake in shares of KULR Technology Group in the 2nd quarter valued at about $46,000. Price T Rowe Associates Inc. MD boosted its stake in KULR Technology Group by 62.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 57,000 shares of the company’s stock valued at $68,000 after purchasing an additional 21,900 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in KULR Technology Group during the 1st quarter valued at about $101,000. 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.