Belite Bio (NASDAQ:BLTE) Shares Gap Down to $36.09

Belite Bio, Inc (NASDAQ:BLTEGet Rating)’s share price gapped down before the market opened on Friday . The stock had previously closed at $36.09, but opened at $34.73. Belite Bio shares last traded at $34.73, with a volume of 3 shares traded.

Wall Street Analysts Forecast Growth

Separately, Benchmark initiated coverage on Belite Bio in a research report on Friday, July 1st. They set a “buy” rating and a $57.00 price objective for the company.

Belite Bio Price Performance

The firm has a 50-day moving average of $29.38.

Belite Bio Company Profile

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Belite Bio, Inc, a clinical-stage biopharmaceutical drug development company, engages in the research and development of novel therapeutics targeting atrophic age-related macular degeneration and autosomal recessive stargardt diseases. Its lead product candidate is LBS-008, an oral once-a-day treatment that can reduce and maintain the delivery of vitamin A to the eye to reduce the accumulation of toxic vitamin A by-products in ocular tissue that is in phase 3 clinical trial.

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