Elite Pharmaceuticals, Inc. (OTCMKTS:ELTP - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.50 and traded as low as $0.41. Elite Pharmaceuticals shares last traded at $0.42, with a volume of 807,140 shares traded.
Elite Pharmaceuticals Trading Up 0.6 %
The company's 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.27 and a quick ratio of 1.90. The firm has a market cap of $468.58 million, a price-to-earnings ratio of -21.93 and a beta of 0.04.
Elite Pharmaceuticals (OTCMKTS:ELTP - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The specialty pharmaceutical company reported ($0.01) earnings per share (EPS) for the quarter. Elite Pharmaceuticals had a negative net margin of 25.70% and a negative return on equity of 6.92%.
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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