Graybug Vision (NASDAQ:GRAY) Trading 12.7% Higher – What’s Next?

Graybug Vision, Inc. (NASDAQ:GRAYGet Free Report)’s stock price rose 12.7% during trading on Wednesday . The company traded as high as $5.34 and last traded at $5.22. Approximately 189,416 shares traded hands during mid-day trading, an increase of 8,649% from the average daily volume of 2,165 shares. The stock had previously closed at $4.63.

Graybug Vision Trading Up 12.7%

The firm has a market capitalization of $8.20 million, a price-to-earnings ratio of -3.02 and a beta of 1.20. The stock’s fifty day moving average price is $3.57 and its two-hundred day moving average price is $2.93.

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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