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

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

KULR Technology Group Trading Down 5.5 %

Shares of KULR stock traded down $0.10 on Tuesday, reaching $1.66. 5,551,644 shares of the company’s stock were exchanged, compared to its average volume of 18,547,813. KULR Technology Group has a 52 week low of $0.15 and a 52 week high of $5.49. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $455.19 million, a PE ratio of -13.87 and a beta of 2.34. The business has a fifty day moving average of $2.28.

Institutional Investors Weigh In On KULR Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in shares of KULR Technology Group in the 4th quarter valued at $69,000. Two Sigma Investments LP increased its holdings in shares of KULR Technology Group by 69.0% in the 4th quarter. Two Sigma Investments LP now owns 20,199 shares of the company’s stock valued at $72,000 after acquiring an additional 8,250 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of KULR Technology Group in the 4th quarter valued at $1,231,000. Millennium Management LLC increased its holdings in shares of KULR Technology Group by 84.5% in the 4th quarter. Millennium Management LLC now owns 249,228 shares of the company’s stock valued at $885,000 after acquiring an additional 114,114 shares during the period. Finally, Gotham Asset Management LLC purchased a new position in KULR Technology Group during the 4th quarter worth $39,000. 21.23% of the stock is 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 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.