Nuburu (NYSEAMERICAN:BURU) Shares Down 10.4% – Here’s Why

Nuburu, Inc. (NYSEAMERICAN:BURUGet Free Report) dropped 10.4% on Tuesday . The company traded as low as $0.32 and last traded at $0.32. Approximately 3,272,067 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 12,474,626 shares. The stock had previously closed at $0.36.

Nuburu Stock Performance

The stock has a market cap of $15.63 million, a PE ratio of 0.00 and a beta of 0.43. The stock has a fifty day simple moving average of $0.21 and a two-hundred day simple moving average of $0.36.

Hedge Funds Weigh In On Nuburu

A number of institutional investors have recently made changes to their positions in BURU. XTX Topco Ltd acquired a new stake in shares of Nuburu during the 4th quarter valued at approximately $29,000. Geode Capital Management LLC grew 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 valued at $88,000 after buying an additional 119,943 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Nuburu in the 1st quarter valued at about $31,000. 41.61% of the stock is owned by institutional investors and hedge funds.

Nuburu Company Profile

(Get Free Report)

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.

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