Prime Medicine, Inc. (NYSE:PRME – Get Rating) shares reached a new 52-week low during trading on Friday . The company traded as low as $12.41 and last traded at $12.41, with a volume of 86500 shares changing hands. The stock had previously closed at $13.21.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Prime Medicine in a research note on Thursday. They set a “sell” rating for the company.
Prime Medicine Trading Down 7.0 %
The stock’s fifty day moving average price is $17.06.
Prime Medicine Company Profile
Prime Medicine, Inc, a biotechnology company, delivers genetic therapies to address diseases by deploying gene editing technology. It offers Prime Editors with a Prime Editor protein, comprising a fusion between a Cas protein and a reverse transcriptase enzyme; and a pegRNA, which targets the Prime Editor to a specific genomic location and provides a template for making the desired edit to the target DNA sequence.
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