Benchmark Reaffirms “Buy” Rating for KULR Technology Group (NYSEAMERICAN:KULR)

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

KULR Technology Group Stock Down 1.2 %

Shares of KULR stock opened at $1.63 on Tuesday. The stock’s fifty day moving average is $2.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. KULR Technology Group has a 12-month low of $0.16 and a 12-month high of $5.49. The company has a market capitalization of $445.89 million, a P/E ratio of -13.58 and a beta of 2.34.

Institutional Trading of KULR Technology Group

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in KULR Technology Group by 44.5% during the third quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after acquiring an additional 479,026 shares during the period. International Assets Investment Management LLC bought a new position in KULR Technology Group during the fourth quarter worth about $56,000. Sanctuary Advisors LLC bought a new position in KULR Technology Group in the 4th quarter valued at about $108,000. Virtu Financial LLC bought a new position in KULR Technology Group in the 3rd quarter valued at about $29,000. Finally, Fortem Financial Group LLC bought a new position in KULR Technology Group in the 4th quarter valued at about $298,000. Institutional investors and hedge funds 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.