Silverback Therapeutics (NASDAQ:SBTX) Stock Price Down 1.7% – Should You Sell?

Silverback Therapeutics, Inc. (NASDAQ:SBTXGet Free Report) shares traded down 1.7% during mid-day trading on Monday . The company traded as low as $10.70 and last traded at $11.24. 1,354,564 shares changed hands during trading, an increase of 301% from the average session volume of 337,931 shares. The stock had previously closed at $11.43.

Silverback Therapeutics Stock Performance

The company’s 50 day moving average price is $12.77 and its 200-day moving average price is $12.68. The stock has a market cap of $409.62 million, a P/E ratio of -4.69 and a beta of 0.60.

About Silverback Therapeutics

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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.

Further Reading

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