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Silverback Therapeutics (NASDAQ:SBTX) Trading Down 0.7% - Here's Why

Silverback Therapeutics logo with Medical background

Silverback Therapeutics, Inc. (NASDAQ:SBTX - Get Free Report)'s stock price was down 0.7% on Thursday . The company traded as low as $14.53 and last traded at $14.88. Approximately 1,809,148 shares changed hands during mid-day trading, an increase of 435% from the average daily volume of 337,931 shares. The stock had previously closed at $14.99.

Silverback Therapeutics Stock Performance

The stock has a 50-day simple moving average of $12.34 and a two-hundred day simple moving average of $13.01. The firm has a market cap of $516.35 million, a PE ratio of -5.92 and a beta of 0.60.

About Silverback Therapeutics

(Get Free Report)

Silverback Therapeutics, Inc, a biopharmaceutical company, develops tissue-targeted therapeutics for the treatment of chronic viral infections, cancer, and other serious diseases. The company offers SBT8230 to treat chronic hepatitis B virus infection by eliciting an anti-viral immune response by targeting TLR8 activation to the liver.

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