KULR Technology Group’s (KULR) Buy Rating Reaffirmed at Benchmark

KULR Technology Group (NYSEAMERICAN:KULR)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research report issued on Tuesday,Benzinga reports. They currently have a $5.00 price objective on the stock. Benchmark’s price objective indicates a potential upside of 200.48% from the stock’s current price.

KULR Technology Group Stock Down 5.5 %

Shares of NYSEAMERICAN KULR traded down $0.10 during midday trading on Tuesday, hitting $1.66. The stock had a trading volume of 5,551,644 shares, compared to its average volume of 18,547,813. The firm has a market capitalization of $455.19 million, a P/E ratio of -13.87 and a beta of 2.34. The company’s 50 day simple moving average is $2.28. KULR Technology Group has a 1 year low of $0.15 and a 1 year high of $5.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71.

Institutional Investors Weigh In On KULR Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of KULR Technology Group in the third quarter valued at approximately $29,000. Gotham Asset Management LLC acquired a new stake in KULR Technology Group during the fourth quarter worth $39,000. Brevan Howard Capital Management LP acquired a new stake in KULR Technology Group during the fourth quarter worth $41,000. Kellett Wealth Advisors LLC acquired a new stake in KULR Technology Group during the fourth quarter worth $43,000. Finally, International Assets Investment Management LLC acquired a new stake in KULR Technology Group during the fourth quarter worth $56,000. Institutional investors and hedge funds 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 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.