KULR Technology Group (NYSEAMERICAN:KULR) Stock Rating Reaffirmed by Benchmark

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

KULR Technology Group Stock Performance

NYSEAMERICAN:KULR opened at 0.48 on Tuesday. KULR Technology Group has a 12 month low of 0.10 and a 12 month high of 1.10. The stock has a market capitalization of $61.40 million, a price-to-earnings ratio of -2.40 and a beta of 2.08.

Insider Buying and Selling at KULR Technology Group

In other KULR Technology Group news, major shareholder Timothy Ray Knowles sold 361,338 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of 0.29, for a total value of 104,788.02. Following the transaction, the insider now directly owns 14,268,027 shares of the company’s stock, valued at 4,137,727.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.76% of the stock is currently owned by corporate insiders.

Institutional Trading of KULR Technology Group

A number of hedge funds and other institutional investors have recently modified their holdings of KULR. Citigroup Inc. increased its position in shares of KULR Technology Group by 53.4% during the first quarter. Citigroup Inc. now owns 85,125 shares of the company’s stock worth $185,000 after acquiring an additional 29,644 shares during the last quarter. Vanguard Group Inc. increased its holdings in KULR Technology Group by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,834,615 shares of the company’s stock valued at $6,151,000 after buying an additional 100,122 shares during the last quarter. Ergoteles LLC bought a new stake in KULR Technology Group in the first quarter valued at about $101,000. Northern Trust Corp increased its holdings in KULR Technology Group by 15.2% in the first quarter. Northern Trust Corp now owns 103,463 shares of the company’s stock valued at $225,000 after buying an additional 13,634 shares during the last quarter. Finally, State Street Corp increased its holdings in KULR Technology Group by 11.3% in the first quarter. State Street Corp now owns 175,811 shares of the company’s stock valued at $382,000 after buying an additional 17,811 shares during the last quarter. 21.23% of the stock is owned by hedge funds and other institutional investors.

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.