Shares of Elite Pharmaceuticals, Inc. (OTCMKTS:ELTP - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.55 and traded as high as $0.57. Elite Pharmaceuticals shares last traded at $0.57, with a volume of 916,561 shares trading hands.
Elite Pharmaceuticals Stock Performance
The company has a market capitalization of $587.23 million, a price-to-earnings ratio of -54.97 and a beta of 0.25. The stock's 50 day moving average price is $0.55 and its 200 day moving average price is $0.35. The company has a current ratio of 3.52, a quick ratio of 2.42 and a debt-to-equity ratio of 0.10.
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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