Graybug Vision (NASDAQ:GRAY) Shares Down 4.6% – What’s Next?

Graybug Vision, Inc. (NASDAQ:GRAYGet Free Report)’s share price fell 4.6% during trading on Thursday . The company traded as low as $2.31 and last traded at $2.37. 26,650 shares changed hands during mid-day trading, an increase of 1,131% from the average session volume of 2,165 shares. The stock had previously closed at $2.48.

Graybug Vision Stock Performance

The firm has a market capitalization of $3.72 million, a PE ratio of -1.37 and a beta of 1.20. The firm has a fifty day moving average of $2.31 and a 200 day moving average of $2.12.

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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