Raymond James Financial Inc. Buys New Position in KULR Technology Group, Inc. (NYSEAMERICAN:KULR)

Raymond James Financial Inc. bought a new stake in KULR Technology Group, Inc. (NYSEAMERICAN:KULR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,848 shares of the company’s stock, valued at approximately $120,000.

Several other institutional investors also recently added to or reduced their stakes in KULR. Virtu Financial LLC acquired a new stake in KULR Technology Group during the third quarter worth $29,000. Kellett Wealth Advisors LLC bought a new position in shares of KULR Technology Group during the 4th quarter worth about $43,000. International Assets Investment Management LLC acquired a new stake in KULR Technology Group in the 4th quarter valued at $56,000. Maiden Cove Capital LLC bought a new stake in KULR Technology Group in the fourth quarter valued at $71,000. Finally, Joseph P. Lucia & Associates LLC acquired a new position in KULR Technology Group during the fourth quarter worth $79,000. 21.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

KULR Technology Group Stock Up 0.8 %

NYSEAMERICAN:KULR opened at $1.22 on Friday. The stock’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $1.32. 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 capitalization of $333.73 million, a P/E ratio of -10.17 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.

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.