Elite Pharmaceuticals, Inc. (OTCMKTS:ELTP - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.50 and traded as low as $0.35. Elite Pharmaceuticals shares last traded at $0.36, with a volume of 1,773,105 shares.
Elite Pharmaceuticals Stock Performance
The company has a market cap of $411.43 million, a P/E ratio of -19.26 and a beta of 0.07. The business has a 50 day moving average price of $0.47 and a two-hundred day moving average price of $0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.90 and a current ratio of 3.27.
Elite Pharmaceuticals (OTCMKTS:ELTP - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The specialty pharmaceutical company reported ($0.01) earnings per share 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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