Elite Pharmaceuticals Inc. (OTCMKTS:ELTP - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,202,860 shares changed hands during mid-day trading, an increase of 11% from the previous session's volume of 1,088,274 shares.The stock last traded at $0.81 and had previously closed at $0.77.
Elite Pharmaceuticals Stock Up 0.9%
The stock has a market cap of $835.57 million, a P/E ratio of -39.11 and a beta of 0.17. The company has a quick ratio of 1.90, a current ratio of 3.27 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $0.50 and a two-hundred day simple moving average of $0.50.
About Elite Pharmaceuticals
(
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Elite Pharmaceuticals, Inc, a specialty pharmaceutical company, engages in the development, manufacture, and sale of oral, controlled-release products, and generic pharmaceuticals. The company operates in two segments, Abbreviated New Drug Applications for Generic Pharmaceuticals and New Drug Applications for Branded Pharmaceuticals.
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