Nuburu (NYSEAMERICAN:BURU) Stock Price Up 3.8% – Here’s What Happened

Nuburu, Inc. (NYSEAMERICAN:BURU)’s stock price was up 3.8% during mid-day trading on Wednesday . The company traded as high as $0.25 and last traded at $0.21. Approximately 16,718,737 shares were traded during trading, an increase of 4% from the average daily volume of 16,029,080 shares. The stock had previously closed at $0.20.

Nuburu Trading Up 3.8 %

The stock has a market cap of $3.96 million, a P/E ratio of 0.00 and a beta of -0.40. The stock has a 50 day moving average price of $0.39.

Hedge Funds Weigh In On Nuburu

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Nuburu by 950.6% during 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 during the period. Virtu Financial LLC bought a new stake in shares of Nuburu during the 3rd quarter valued at about $25,000. Finally, XTX Topco Ltd purchased a new stake in shares of Nuburu during the 4th quarter valued at about $29,000. Institutional investors own 41.61% of the company’s stock.

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.