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2023-03-18 15:01
Graybug Vision, Inc. (NASDAQ:GRAY – Get Rating) shares are set to reverse split on the morning of Monday, March 20th. The 1-14 reverse split was announced on Monday, March 20th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, March 20th.
Shares of NASDAQ:GRAY opened at $0.44 on Friday. The company's 50-day moving average price is $0.63 and its two-hundred day moving average price is $0.77. Graybug Vision has a one year low of $0.44 and a one year high of $1.58. The stock has a market capitalization of $9.69 million, a PE ratio of -0.25 and a beta of 1.20.
Get Graybug Vision alerts:Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of Graybug Vision by 221.3% in the 1st quarter. Renaissance Technologies LLC now owns 35,341 shares of the company's stock valued at $43,000 after purchasing an additional 24,341 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Graybug Vision in the 1st quarter valued at about $125,000. Vanguard Group Inc. raised its holdings in shares of Graybug Vision by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 455,572 shares of the company's stock valued at $561,000 after purchasing an additional 23,846 shares during the period. Finally, BML Capital Management LLC bought a new stake in shares of Graybug Vision in the 4th quarter valued at about $618,000. 49.94% of the stock is owned by institutional investors.
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Graybug Vision, Inc, a clinical-stage biopharmaceutical company, focuses on the development of medicines for the treatment of diseases of the retina and optic nerve. The company's lead product candidate is GB-102, an intravitreal injection of a microparticle depot formulation of sunitinib that is in Phase I/IIa and IIb clinical trials for the treatment of wet age-related macular degeneration, as well as in Phase IIa clinical trial to treat diabetic macular edema.
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