Eleven Biotherapeutics Inc. (EBIO) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of EBIO have fallen 7.43% to $3.24 after closing the day prior at $3.5. So far, the stock has traded as high as $3.49 and as low as $3.21. Today’s decline has come with about 969,918 shares changing hands, compared to an average 30-day volume of 1.85 million for Eleven Biotherapeutics Inc.. The price is currently below the 30-day volume weighted average price of $3.29 for EBIO.
The share depreciation gives the company a market capitalization of $70.2 million based upon 20.06 million shares outstanding. It also means that EBIO has a price-to-book ratio of 11.37:1.
In the past 52 weeks, shares of EBIO have traded as low as $0.2511 and as high as $5.97. Technical traders will take note that at $3.24, shares of EBIO are trading above their 200-day MA at $1.96 and below their 50-day MA at $4.04. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is EBIO?
Eleven Biotherapeutics Inc is a preclinical stage biopharmaceutical company with a proprietary protein engineering platform, called AMP-Rx, that it applies to the discovery and development of protein therapeutics to treat diseases of the eye. The company’s 20 employees are led by CEO Abbie C. Celniker from the corporate headquarters at 215 First Street in Cambridge, MA.
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