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In a notable market movement, shares of LogicBio Therapeutics, Inc. (LOGC) reached a 52-week high, trading at $8.24, marking a significant milestone after posting impressive gains of nearly 49% over the past six months. According to InvestingPro data, the company maintains a strong liquidity position, with cash reserves exceeding debt obligations. This peak reflects a significant uptick in investor confidence and comes amidst a broader context where the company’s stock has seen a substantial 1-year change, boasting a 26.7% increase. The surge to the 52-week high represents a key milestone for LogicBio Therapeutics, as it continues to navigate the biotechnology sector. While the company’s overall financial health score is rated as "FAIR" by InvestingPro, which offers 15 additional valuable insights about the stock in its comprehensive Research Report, investors are closely monitoring the stock’s performance for signs of sustained growth or potential volatility in the market.
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