KULR Technology Group (NYSEAMERICAN:KULR) Receives Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of KULR Technology Group (NYSEAMERICAN:KULR) in a research note published on Tuesday morning,Benzinga reports. They currently have a $5.00 price objective on the stock.

KULR Technology Group Stock Performance

NYSEAMERICAN:KULR opened at $1.65 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.71. The firm has a market capitalization of $451.36 million, a PE ratio of -13.75 and a beta of 2.34. KULR Technology Group has a fifty-two week low of $0.15 and a fifty-two week high of $5.49. The business’s fifty day moving average is $2.21.

Hedge Funds Weigh In On KULR Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted 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 last quarter. International Assets Investment Management LLC purchased a new position in KULR Technology Group in the 4th quarter worth approximately $56,000. Sanctuary Advisors LLC acquired a new position in shares of KULR Technology Group during the 4th quarter worth approximately $108,000. Virtu Financial LLC purchased a new stake in shares of KULR Technology Group in the third quarter valued at approximately $29,000. Finally, Fortem Financial Group LLC acquired a new stake in shares of KULR Technology Group in the fourth quarter valued at approximately $298,000. Hedge funds and other institutional investors 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.