Elite Pharmaceuticals Inc. (OTCMKTS:ELTP - Get Free Report) rose 8.5% during mid-day trading on Thursday . The stock traded as high as $0.58 and last traded at $0.57. Approximately 1,392,693 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 1,259,026 shares. The stock had previously closed at $0.53.
Elite Pharmaceuticals Stock Performance
The company has a quick ratio of 3.50, a current ratio of 4.88 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $0.59 and a 200-day moving average price of $0.51.
Elite Pharmaceuticals (OTCMKTS:ELTP - Get Free Report) last announced its quarterly earnings data on Monday, June 30th. The specialty pharmaceutical company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $32.00 million for the quarter. Elite Pharmaceuticals had a positive return on equity of 3.96% and a negative net margin of 5.13%.
Elite Pharmaceuticals Company Profile
(
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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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