Synlogic, Inc. (NASDAQ:SYBX – Get Free Report)’s stock price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $1.14 and traded as low as $1.12. Synlogic shares last traded at $1.12, with a volume of 11,275 shares trading hands.
Synlogic Price Performance
The company’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $0.84. The company has a market capitalization of $13.60 million, a price-to-earnings ratio of -4.27 and a beta of 0.50.
Synlogic Company Profile
Synlogic, Inc is a biotechnology company focused on developing medicines based on synthetic biology. Its platform engineers probiotic bacteria, primarily strains of Escherichia coli, to perform specific therapeutic functions inside the gastrointestinal tract, such as consuming disease-associated metabolites or producing beneficial compounds.
The company’s development programs have targeted rare metabolic disorders. Notable candidates have included SYNB1618 and SYNB1934 for phenylketonuria, a condition involving impaired processing of phenylalanine, and SYNB8802 for hyperoxaluria, a disorder characterized by excessive oxalate production.
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