Nuburu, Inc. (NYSEAMERICAN:BURU – Get Free Report) shares traded up 2.2% during mid-day trading on Monday . The stock traded as high as $0.46 and last traded at $0.45. 813,479 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 6,206,714 shares. The stock had previously closed at $0.44.
Nuburu Trading Up 2.2 %
The firm has a market cap of $8.34 million, a price-to-earnings ratio of 0.00 and a beta of -0.35.
Hedge Funds Weigh In On Nuburu
An institutional investor recently bought a new position in Nuburu stock. Virtu Financial LLC bought a new stake in Nuburu, Inc. (NYSEAMERICAN:BURU – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 48,522 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.26% of Nuburu as of its most recent SEC filing. 41.61% of the stock is 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.
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