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

KULR Technology Group (NYSEAMERICAN:KULR)‘s stock had its “speculative buy” rating restated by equities researchers at Benchmark in a report released on Tuesday, Benzinga reports. They presently have a $1.00 target price on the stock.

KULR Technology Group Trading Down 10.7 %

KULR traded down 0.06 on Tuesday, hitting 0.52. The company had a trading volume of 2,166,576 shares, compared to its average volume of 9,641,683. KULR Technology Group has a 12-month low of 0.10 and a 12-month high of 1.10. The firm has a market cap of $66.50 million, a P/E ratio of -2.69 and a beta of 2.06.

Insider Activity

In other news, major shareholder Timothy Ray Knowles sold 361,338 shares of KULR Technology Group 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 completion of the sale, the insider now owns 14,268,027 shares of the company’s stock, valued at 4,137,727.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.76% of the company’s stock.

Institutional Trading of KULR Technology Group

Several institutional investors and hedge funds have recently modified their holdings of KULR. Virtu Financial LLC raised its stake 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 buying an additional 9,181 shares in the last quarter. LPL Financial LLC purchased a new position in KULR Technology Group in the second quarter worth $46,000. Marshall Wace LLP purchased a new position in KULR Technology Group in the fourth quarter worth $36,000. Ergoteles LLC purchased a new position in KULR Technology Group in the first quarter worth $101,000. Finally, Price T Rowe Associates Inc. MD grew 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. Institutional investors own 21.23% of the company’s stock.

KULR Technology Group Company Profile

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.