Silverback Therapeutics (NASDAQ:SBTX) Stock Price Down 3.8% – Here’s Why

Silverback Therapeutics, Inc. (NASDAQ:SBTXGet Free Report) traded down 3.8% during trading on Friday . The stock traded as low as $13.10 and last traded at $13.49. 1,470,132 shares traded hands during trading, an increase of 335% from the average session volume of 337,931 shares. The stock had previously closed at $14.02.

Silverback Therapeutics Stock Down 3.8 %

The company’s 50 day moving average price is $13.10 and its two-hundred day moving average price is $12.94. The firm has a market cap of $486.42 million, a PE ratio of -5.57 and a beta of 0.60.

Silverback Therapeutics Company Profile

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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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