Graybug Vision (NASDAQ:GRAY) Stock Price Down 0.9% – Here’s What Happened

Graybug Vision, Inc. (NASDAQ:GRAYGet Free Report)’s share price was down 0.9% on Thursday . The stock traded as low as $1.87 and last traded at $1.91. Approximately 78,841 shares traded hands during trading, an increase of 3,542% from the average daily volume of 2,165 shares. The stock had previously closed at $1.93.

Graybug Vision Stock Performance

The business’s 50-day moving average price is $1.81 and its 200-day moving average price is $2.57. The stock has a market cap of $3.01 million, a P/E ratio of -1.11 and a beta of 1.20.

About Graybug Vision

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Graybug Vision, Inc, a clinical-stage biopharmaceutical company, focuses on the development of medicines for the treatment of diseases of the retina and optic nerve. The company's lead product candidate is GB-102, an intravitreal injection of a microparticle depot formulation of sunitinib that is in Phase I/IIa and IIb clinical trials for the treatment of wet age-related macular degeneration, as well as in Phase IIa clinical trial to treat diabetic macular edema.

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