Bank of New York Mellon Corp Cuts Stock Position in KULR Technology Group, Inc. (NYSEAMERICAN:KULR)

Bank of New York Mellon Corp decreased its position in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR) by 46.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,015 shares of the company’s stock after selling 13,979 shares during the period. Bank of New York Mellon Corp’s holdings in KULR Technology Group were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KULR. Sanctuary Advisors LLC acquired a new stake in KULR Technology Group during the 4th quarter worth approximately $108,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of KULR Technology Group in the fourth quarter valued at $79,000. Maiden Cove Capital LLC acquired a new stake in shares of KULR Technology Group in the fourth quarter valued at $71,000. International Assets Investment Management LLC purchased a new position in KULR Technology Group in the fourth quarter valued at $56,000. Finally, Fortem Financial Group LLC purchased a new stake in KULR Technology Group during the 4th quarter worth about $298,000. 21.23% of the stock is currently owned by hedge funds and other institutional investors.

KULR Technology Group Price Performance

Shares of NYSEAMERICAN KULR opened at $1.46 on Monday. The business’s fifty day moving average is $1.90. KULR Technology Group, Inc. has a 1-year low of $0.20 and a 1-year 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. The firm has a market capitalization of $399.38 million, a P/E ratio of -12.17 and a beta of 2.34.

Analysts Set New Price Targets

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

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.