Bank of America Corp DE Purchases 296,506 Shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR)

Bank of America Corp DE increased its stake in KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Free Report) by 23,476.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 297,769 shares of the company's stock after purchasing an additional 296,506 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of KULR Technology Group worth $1,057,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of KULR Technology Group by 71.8% during the fourth quarter. Vanguard Group Inc. now owns 8,247,336 shares of the company's stock valued at $29,278,000 after acquiring an additional 3,446,894 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of KULR Technology Group by 11.8% during the fourth quarter. Geode Capital Management LLC now owns 1,738,346 shares of the company's stock valued at $6,174,000 after buying an additional 183,091 shares during the last quarter. Northern Trust Corp lifted its position in KULR Technology Group by 85.5% during the fourth quarter. Northern Trust Corp now owns 373,815 shares of the company's stock valued at $1,327,000 after purchasing an additional 172,339 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in shares of KULR Technology Group in the fourth quarter worth about $403,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of KULR Technology Group in the fourth quarter worth about $285,000. Hedge funds and other institutional investors own 21.23% of the company's stock.

Wall Street Analyst Weigh In

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

KULR Technology Group Trading Up 7.3%

KULR Technology Group stock opened at $1.18 on Friday. The stock has a market cap of $322.79 million, a PE ratio of -9.83 and a beta of 2.34. The stock has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.37. KULR Technology Group, Inc. has a 52 week low of $0.20 and a 52 week high of $5.49. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05.

KULR Technology Group 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.

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