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

KULR Technology Group (NYSEAMERICAN:KULR)‘s stock had its “buy” rating reaffirmed by Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $5.00 target price on the stock. Benchmark’s target price would suggest a potential upside of 206.75% from the company’s previous close.

KULR Technology Group Price Performance

NYSEAMERICAN:KULR opened at $1.63 on Tuesday. The stock’s 50 day simple moving average is $2.15. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. KULR Technology Group has a one year low of $0.16 and a one year high of $5.49. The firm has a market cap of $445.89 million, a P/E ratio of -13.58 and a beta of 2.34.

Institutional Trading of KULR Technology Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of KULR Technology Group by 44.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after buying an additional 479,026 shares during the last quarter. Virtu Financial LLC purchased a new position in KULR Technology Group during the third quarter valued at approximately $29,000. Fortem Financial Group LLC purchased a new position in KULR Technology Group during the fourth quarter valued at approximately $298,000. International Assets Investment Management LLC purchased a new position in KULR Technology Group during the fourth quarter valued at approximately $56,000. Finally, Maiden Cove Capital LLC purchased a new position in KULR Technology Group during the fourth quarter valued at approximately $71,000. 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.