Eleven Biotherapeutics, Inc. (NASDAQ:EBIO) shares dropped 4.3% during mid-day trading on Tuesday . The company traded as low as $0.67 and last traded at $0.66. Approximately 818,968 shares were traded during trading, an increase of 81% from the average daily volume of 452,238 shares. The stock had previously closed at $0.69.

The company has a market capitalization of $21.65, a P/E ratio of 4.66 and a beta of 3.29.

A number of institutional investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Eleven Biotherapeutics in the 3rd quarter worth approximately $382,000. Virtu KCG Holdings LLC acquired a new stake in shares of Eleven Biotherapeutics in the 2nd quarter worth approximately $175,000. Spark Investment Management LLC acquired a new stake in shares of Eleven Biotherapeutics in the 2nd quarter worth approximately $148,000. Finally, Vanguard Group Inc. lifted its stake in shares of Eleven Biotherapeutics by 17.4% in the 2nd quarter. Vanguard Group Inc. now owns 206,450 shares of the biopharmaceutical company’s stock worth $324,000 after acquiring an additional 30,600 shares during the period. 4.91% of the stock is owned by hedge funds and other institutional investors.

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Eleven Biotherapeutics Company Profile

Eleven Biotherapeutics, Inc is a preclinical-stage biopharmaceutical company. The Company applies its AMP-Rx platform to the discovery and development of protein therapeutics to treat diseases of the eye. The Company’s product candidate, which is still in preclinical development, is EBI-031, which was designed, engineered and generated using its AMP-Rx platform and are developing as an intravitreal injection for diabetic macular edema (DME) and uveitis.

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