Elite Pharmaceuticals Inc. (OTCMKTS:ELTP - Get Free Report)'s share price fell 6.9% during trading on Wednesday . The stock traded as low as $0.52 and last traded at $0.53. 859,512 shares traded hands during trading, a decline of 29% from the average session volume of 1,208,361 shares. The stock had previously closed at $0.57.
Elite Pharmaceuticals Stock Performance
The business has a 50 day moving average price of $0.61 and a 200 day moving average price of $0.52. The stock has a market capitalization of $599.47 million, a PE ratio of -55.98 and a beta of 0.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.88 and a quick ratio of 3.50.
Elite Pharmaceuticals (OTCMKTS:ELTP - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The specialty pharmaceutical company reported ($0.01) EPS for the quarter. Elite Pharmaceuticals had a negative net margin of 10.26% and a negative return on equity of 9.98%. The business had revenue of $40.21 million for the quarter.
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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