KULR Technology Group, Inc. (NYSEAMERICAN:KULR) Shares Sold by Bank of New York Mellon Corp

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of KULR Technology Group by 44.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,255 shares of the company’s stock worth $443,000 after purchasing an additional 479,026 shares in the last quarter. Virtu Financial LLC acquired a new stake in KULR Technology Group during the 3rd quarter valued at $29,000. Fortem Financial Group LLC acquired a new stake in KULR Technology Group during the 4th quarter valued at $298,000. International Assets Investment Management LLC purchased a new position in KULR Technology Group during the fourth quarter worth $56,000. Finally, Maiden Cove Capital LLC acquired a new position in shares of KULR Technology Group in the fourth quarter worth $71,000. Institutional investors and hedge funds own 21.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

KULR Technology Group Stock Performance

Shares of NYSEAMERICAN KULR opened at $1.46 on Monday. The firm has a market capitalization of $399.38 million, a price-to-earnings ratio of -12.17 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.81. KULR Technology Group, Inc. has a 1 year low of $0.20 and a 1 year high of $5.49. The stock’s 50 day moving average price is $1.90.

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.