AlloVir (NASDAQ:ALVR) Trading 0.7% Higher – Here’s Why

Shares of AlloVir, Inc. (NASDAQ:ALVRGet Free Report) traded up 0.7% during trading on Wednesday . The company traded as high as $9.99 and last traded at $9.81. 62,857 shares were traded during mid-day trading, an increase of 301% from the average session volume of 15,685 shares. The stock had previously closed at $9.74.

AlloVir Price Performance

The company has a fifty day moving average price of $7.86 and a 200 day moving average price of $5.32. The company has a market capitalization of $49.47 million, a P/E ratio of -0.48 and a beta of 0.63.

AlloVir Company Profile

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AlloVir, Inc is a clinical-stage biopharmaceutical company specializing in the development of off-the-shelf, allogeneic virus-specific T-cell immunotherapies for the prevention and treatment of life-threatening viral infections in immunocompromised patients. The company’s proprietary Multi-Virus-Targeting Cell (MTC) platform enables the rapid identification, isolation and expansion of virus-specific T cells from healthy donors, with the aim of offering broad coverage against multiple clinically significant viruses.

AlloVir’s pipeline includes several product candidates designed to address unmet needs in transplant medicine and other immunosuppressed settings.

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