Bank of America Corp DE Boosts Holdings in KULR Technology Group, Inc. (NYSEAMERICAN:KULR)

Bank of America Corp DE boosted its position in KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Free Report) by 23,476.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 297,769 shares of the company's stock after purchasing an additional 296,506 shares during the period. Bank of America Corp DE owned about 0.11% of KULR Technology Group worth $1,057,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kellett Wealth Advisors LLC purchased a new position in shares of KULR Technology Group in the 4th quarter worth about $43,000. Alteri Wealth LLC bought a new stake in shares of KULR Technology Group in the 4th quarter worth approximately $57,000. Guardian Partners Inc. purchased a new position in KULR Technology Group in the fourth quarter valued at approximately $71,000. Maiden Cove Capital LLC bought a new position in KULR Technology Group during the fourth quarter valued at $71,000. Finally, Victory Capital Management Inc. bought a new position in KULR Technology Group during the fourth quarter valued at $87,000. Institutional investors own 21.23% of the company's stock.

KULR Technology Group Stock Performance

KULR traded down $0.05 on Tuesday, hitting $1.18. The company's stock had a trading volume of 7,113,774 shares, compared to its average volume of 15,173,102. KULR Technology Group, Inc. has a 12 month low of $0.20 and a 12 month high of $5.49. The firm has a market cap of $322.79 million, a P/E ratio of -9.83 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. The company's 50 day simple moving average is $1.26 and its 200-day simple moving average is $1.38.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a "buy" rating and issued a $5.00 price objective on shares of KULR Technology Group in a report on Tuesday, March 18th.

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.