Nuburu (NYSEAMERICAN:BURU) Trading 28.9% Higher – Here’s Why

Nuburu, Inc. (NYSEAMERICAN:BURU) was up 28.9% during mid-day trading on Friday . The stock traded as high as $0.59 and last traded at $0.57. Approximately 9,888,380 shares were traded during mid-day trading, an increase of 200% from the average daily volume of 3,295,931 shares. The stock had previously closed at $0.44.

Nuburu Price Performance

The stock has a market capitalization of $10.67 million, a PE ratio of 0.00 and a beta of -0.16.

Institutional Investors 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) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 48,522 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 1.15% of Nuburu at the end of the most recent reporting period. Institutional investors and hedge funds own 41.61% of the company’s stock.

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.