KULR Technology Group's (KULR) "Speculative Buy" Rating Reiterated at Benchmark

Benchmark restated their speculative buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR - Free Report) in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $1.00 target price on the stock.

KULR Technology Group Stock Down 13.2 %

NYSEAMERICAN:KULR traded down 0.08 during trading hours on Tuesday, hitting 0.51. The stock had a trading volume of 8,037,100 shares, compared to its average volume of 9,726,618. KULR Technology Group has a 1-year low of 0.10 and a 1-year high of 1.10. The company has a market capitalization of $64.60 million, a price-to-earnings ratio of -2.53 and a beta of 2.06.

Insider Activity

In other news, major shareholder Timothy Ray Knowles sold 361,338 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of 0.29, for a total transaction of 104,788.02. Following the completion of the transaction, the insider now directly owns 14,268,027 shares in the company, valued at approximately 4,137,727.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 16.76% of the company's stock.

Hedge Funds Weigh In On KULR Technology Group

Several large investors have recently added to or reduced their stakes in KULR. Susquehanna International Group LLP boosted its holdings in shares of KULR Technology Group by 853.9% during the fourth quarter. Susquehanna International Group LLP now owns 307,420 shares of the company's stock valued at $369,000 after acquiring an additional 275,193 shares during the period. State Street Corp boosted its holdings in shares of KULR Technology Group by 6.1% during the third quarter. State Street Corp now owns 186,509 shares of the company's stock valued at $239,000 after acquiring an additional 10,698 shares during the period. Northern Trust Corp boosted its holdings in shares of KULR Technology Group by 15.2% during the first quarter. Northern Trust Corp now owns 103,463 shares of the company's stock valued at $225,000 after acquiring an additional 13,634 shares during the period. Citigroup Inc. acquired a new position in shares of KULR Technology Group during the fourth quarter valued at $190,000. Finally, Morgan Stanley boosted its holdings in shares of KULR Technology Group by 12.0% during the fourth quarter. Morgan Stanley now owns 154,506 shares of the company's stock valued at $185,000 after acquiring an additional 16,504 shares during the period. 21.23% of the stock is currently owned by institutional investors.

About KULR Technology Group

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.