Nuburu (NYSEAMERICAN:BURU) Trading Down 2.7% – Time to Sell?

Nuburu, Inc. (NYSEAMERICAN:BURU) traded down 2.7% during trading on Tuesday . The company traded as low as $0.1892 and last traded at $0.2046. 20,515,253 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 52,940,324 shares. The stock had previously closed at $0.2103.

Nuburu Stock Down 2.7%

The company has a market cap of $88.72 million, a price-to-earnings ratio of 0.00 and a beta of 0.51. The stock’s 50-day simple moving average is $0.28 and its 200 day simple moving average is $0.26.

Nuburu (NYSEAMERICAN:BURU) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.20) earnings per share for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Nuburu in the first quarter valued at $31,000. Geode Capital Management LLC lifted its stake in Nuburu by 78.4% during the 2nd quarter. Geode Capital Management LLC now owns 259,550 shares of the company’s stock worth $91,000 after acquiring an additional 114,030 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Nuburu by 10,337.6% during the 3rd quarter. UBS Group AG now owns 4,370,024 shares of the company’s stock valued at $651,000 after acquiring an additional 4,328,156 shares during the period. 41.61% of the stock is currently owned by institutional investors and hedge funds.

Nuburu Company Profile

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.