Prime Medicine (NASDAQ:PRME) Stock Price Down 3.7% After Analyst Downgrade

Prime Medicine, Inc. (NASDAQ:PRMEGet Free Report)’s stock price fell 3.7% during mid-day trading on Tuesday after Wall Street Zen downgraded the stock from a hold rating to a sell rating. The stock traded as low as $3.09 and last traded at $3.12. 3,103,838 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 3,243,728 shares. The stock had previously closed at $3.24.

Prime Medicine Stock Down 3.7%

The company has a market capitalization of $419.86 million, a price-to-earnings ratio of -2.00 and a beta of 2.38.

About Prime Medicine

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We are a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, Prime Editors, to address the widest spectrum of diseases by deploying our Prime Editing technology, which we believe is a versatile, precise, efficient and broad gene editing technology.

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