Nuburu, Inc. (NYSEAMERICAN:BURU – Get Free Report) shares traded up 37.8% during mid-day trading on Tuesday . The stock traded as high as $0.38 and last traded at $0.35. 8,487,317 shares changed hands during trading, an increase of 800% from the average session volume of 943,260 shares. The stock had previously closed at $0.25.
Nuburu Stock Up 37.8 %
Nuburu (NYSEAMERICAN:BURU – Get Free Report) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $1.05 million for the quarter.
Hedge Funds Weigh In On Nuburu
Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC acquired a new stake in shares of Nuburu during the first quarter valued at about $37,000. Barclays PLC acquired a new stake in Nuburu during the 1st quarter worth $48,000. HighTower Advisors LLC purchased a new position in Nuburu during the 1st quarter worth $49,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Nuburu in the 1st quarter valued at about $86,000. Finally, Geode Capital Management LLC acquired a new stake in Nuburu in the 1st quarter valued at about $228,000. 9.34% of the stock is owned by hedge funds and other institutional investors.
Nuburu, Inc develops high power precision blue light engine lasers for the metal processing and 3D printing industries worldwide. The company offers Nuburu AO and NUBURU BL series lasers. Its products have applications in battery, e-mobility, consumer electronics, and 3D printing metal systems. Nuburu, Inc is headquartered in Centennial, Colorado.
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