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

Nuburu, Inc. (NYSEAMERICAN:BURU)’s stock price traded down 10.4% on Tuesday . The company traded as low as $0.32 and last traded at $0.32. 3,272,067 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 12,474,626 shares. The stock had previously closed at $0.36.

Nuburu Stock Performance

The company has a market capitalization of $15.63 million, a PE ratio of 0.00 and a beta of 0.43. The firm’s 50-day simple moving average is $0.21 and its 200 day simple moving average is $0.36.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Nuburu during the 1st quarter valued at about $31,000. XTX Topco Ltd purchased a new stake in shares of Nuburu during the 4th quarter worth about $29,000. Finally, Geode Capital Management LLC boosted its holdings 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 acquiring an additional 119,943 shares during the period. Institutional investors and hedge funds 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.