Silverback Therapeutics (NASDAQ:SBTX) Hits New 52-Week High – Should You Buy?

Silverback Therapeutics, Inc. (NASDAQ:SBTXGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $16.45 and last traded at $15.40, with a volume of 1005437 shares trading hands. The stock had previously closed at $16.05.

Silverback Therapeutics Trading Down 4.1 %

The company has a market capitalization of $532.58 million, a PE ratio of -6.10 and a beta of 0.60. The company has a fifty day simple moving average of $13.72 and a 200-day simple moving average of $10.94.

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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