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Neoleukin Therapeutics (NASDAQ:NLTX) Shares Down 1.2% - Here's Why

Neoleukin Therapeutics logo with Medical background

Neoleukin Therapeutics, Inc. (NASDAQ:NLTX - Get Free Report) shares dropped 1.2% on Tuesday . The company traded as low as $22.31 and last traded at $22.34. Approximately 111,114 shares changed hands during trading, an increase of 122% from the average daily volume of 50,104 shares. The stock had previously closed at $22.60.

Neoleukin Therapeutics Stock Performance

The stock's fifty day moving average is $19.55 and its two-hundred day moving average is $16.89. The firm has a market capitalization of $214.37 million, a price-to-earnings ratio of -7.33 and a beta of 1.11.

Neoleukin Therapeutics Company Profile

(Get Free Report)

Neoleukin Therapeutics, Inc, a biopharmaceutical company, develops immunotherapies for cancer, inflammation, and autoimmunity disorders using protein design technology. The company's lead product candidate is NL-201, a de novo protein designed to mimic the therapeutic activity of the cytokines interleukin (IL)-2/IL-15 for the treatment of various types of cancer, including renal cell carcinoma and melanoma.

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