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

Benchmark reissued their buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR - Free Report) in a research report released on Tuesday,Benzinga reports. The brokerage currently has a $5.00 price objective on the stock.

KULR Technology Group Trading Down 3.2 %

NYSEAMERICAN:KULR traded down $0.05 during mid-day trading on Tuesday, hitting $1.52. 6,709,407 shares of the company's stock traded hands, compared to its average volume of 15,500,535. The firm's 50 day moving average price is $2.06. KULR Technology Group has a 12 month low of $0.20 and a 12 month high of $5.49. The company has a market capitalization of $415.80 million, a price-to-earnings ratio of -12.67 and a beta of 2.34. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Institutional Trading of KULR Technology Group

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of KULR Technology Group by 71.8% in the 4th quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company's stock worth $29,278,000 after acquiring an additional 3,446,894 shares during the period. Geode Capital Management LLC lifted its position in shares of KULR Technology Group by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 1,738,346 shares of the company's stock worth $6,174,000 after acquiring an additional 183,091 shares during the period. Northern Trust Corp lifted its position in shares of KULR Technology Group by 85.5% in the 4th quarter. Northern Trust Corp now owns 373,815 shares of the company's stock worth $1,327,000 after acquiring an additional 172,339 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of KULR Technology Group in the 4th quarter worth approximately $1,231,000. Finally, Bank of America Corp DE lifted its position in shares of KULR Technology Group by 23,476.3% in the 4th quarter. Bank of America Corp DE now owns 297,769 shares of the company's stock worth $1,057,000 after acquiring an additional 296,506 shares during the period. Institutional investors own 21.23% of the company's stock.

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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.