Nuburu, Inc. (NYSEAMERICAN:BURU – Get Free Report) shares shot up 8.7% during mid-day trading on Friday. The company traded as high as $0.2179 and last traded at $0.21. 5,426,292 shares were traded during trading, a decline of 93% from the average session volume of 76,574,736 shares. The stock had previously closed at $0.1932.
Nuburu Stock Up 8.7%
The business’s fifty day moving average price is $0.70 and its 200 day moving average price is $7.90. The firm has a market capitalization of $1.94 million, a price-to-earnings ratio of -0.00 and a beta of 1.53. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.09.
Nuburu (NYSEAMERICAN:BURU – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($1.46) earnings per share for the quarter. The company had revenue of $0.52 million for the quarter.
About Nuburu
Nuburu, Inc develops and commercializes high-power blue laser technology for industrial manufacturing applications. Its laser systems are designed to process highly reflective metals, including copper, gold and aluminum, which can be difficult to weld or manufacture with conventional infrared lasers.
The company’s products are intended for applications such as battery and electric-vehicle manufacturing, metal welding, additive manufacturing, aerospace, consumer electronics and other precision industrial processes.
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