LogicBio Therapeutics, Inc. (OTCMKTS:LOGC – Get Free Report)’s stock price passed below its 50 day moving average during trading on Monday following a dissappointing earnings announcement. The stock has a 50 day moving average of $14.79 and traded as low as $12.75. LogicBio Therapeutics shares last traded at $14.00, with a volume of 674,701 shares.
The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.25).
LogicBio Therapeutics Price Performance
The company’s 50 day moving average price is $14.79 and its 200 day moving average price is $10.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.87. The company has a market cap of $640.22 million, a price-to-earnings ratio of -19.18 and a beta of 2.11.
About LogicBio Therapeutics
LogicBio Therapeutics, Inc was a clinical-stage genetic medicine company focused on developing therapies for patients with serious genetic and metabolic diseases. The company’s research centered on genetic medicine technologies designed to address the underlying causes of disease rather than treat symptoms alone.
LogicBio’s principal platform, GeneRide, was developed to enable the targeted insertion of therapeutic genes into the genome. The company also pursued GeneWare, a platform intended to support gene-editing applications.
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