AGTC - Shares of Applied Genetic Technologies Corporation (AGTC) Have Risen Above Previous 52-Week High

Shares of Applied Genetic Technologies Corporation (NASDAQ:AGTC) traded at a new 52-week high today of $18.44. Approximately 62.5 million shares have changed hands today, as compared to an average 30-day volume of 718,000 shares.

Potential upside of 20.2% exists for Applied Genetic Technologies Corporation, based on a current level of $1.06 and analysts' average consensus price target of $1.27.

Applied Genetic Technologies Corp is a clinical-stage biotechnology company that uses a proprietary gene therapy platform to develop transformational genetic therapies for patients suffering from rare and debilitating diseases. Its initial focus is in the field of ophthalmology, where it has active clinical trials in X-linked retinitis pigmentosa, achromatopsia (ACHM CNGB3 and ACHM CNGA3), and X-linked retinoschisis. In addition to its clinical trials, company has preclinical programs in optogenetics, adrenoleukodystrophy, which is a disease of the central nervous system, other ophthalmology, and otology indications. The optogenetics program is being developed in collaboration with Bionic Sight.

Over the past year, Applied Genetic Technologies Corporation has traded in a range of $1.04 to $4.86 and is now at $1.06.

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