Graybug Vision (NASDAQ:GRAY) Trading Down 3% – Should You Sell?

Graybug Vision, Inc. (NASDAQ:GRAYGet Free Report) shares traded down 3% during trading on Wednesday . The company traded as low as $2.53 and last traded at $2.56. 19,574 shares were traded during trading, an increase of 804% from the average session volume of 2,165 shares. The stock had previously closed at $2.64.

Graybug Vision Stock Up 3.5 %

The stock’s 50 day moving average price is $2.95 and its two-hundred day moving average price is $3.72. The firm has a market capitalization of $4.16 million, a price-to-earnings ratio of -1.53 and a beta of 1.20.

Graybug Vision Company Profile

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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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