Nuburu (NYSEAMERICAN:BURU) Trading Down 4.2% – Here’s Why

Nuburu, Inc. (NYSEAMERICAN:BURU)’s share price dropped 4.2% during mid-day trading on Monday . The stock traded as low as $0.16 and last traded at $0.16. Approximately 3,471,012 shares were traded during trading, a decline of 57% from the average daily volume of 8,118,489 shares. The stock had previously closed at $0.17.

Nuburu Stock Performance

The firm has a 50 day moving average price of $0.17 and a two-hundred day moving average price of $0.41. The company has a market cap of $2.80 million, a P/E ratio of 0.00 and a beta of -0.40.

Institutional Trading of Nuburu

A number of institutional investors have recently modified their holdings of BURU. Virtu Financial LLC purchased a new position in Nuburu in the 1st quarter worth approximately $31,000. Geode Capital Management LLC raised its position in Nuburu by 950.6% in the 4th quarter. Geode Capital Management LLC now owns 132,561 shares of the company’s stock worth $88,000 after purchasing an additional 119,943 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Nuburu in the 4th quarter worth about $29,000. 41.61% of the stock is currently owned by hedge funds and other institutional investors.

About Nuburu

Nuburu, Inc engages in high-power, high-brightness blue laser technology business for welding and 3D printing industries worldwide. The company offers Nuburu AO-150 and NUBURU BL. Its products have applications in battery, e-mobility, consumer electronics, and 3D printing metal systems. Nuburu, Inc was founded in 2015 and is headquartered in Centennial, Colorado.