Shares of Elite Pharmaceuticals Inc. (OTCMKTS:ELTP – Get Free Report) saw unusually-high trading volume on Monday . Approximately 351,820 shares changed hands during trading, an increase of 146% from the previous session’s volume of 142,816 shares.The stock last traded at $0.4820 and had previously closed at $0.50.
Elite Pharmaceuticals Stock Performance
The stock has a fifty day simple moving average of $0.55 and a two-hundred day simple moving average of $0.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.34 and a current ratio of 8.04. The stock has a market capitalization of $537.14 million, a price-to-earnings ratio of 50.04 and a beta of 0.32.
Elite Pharmaceuticals Company Profile
Elite Pharmaceuticals, Inc is a U.S.-based specialty pharmaceutical company that acquires, develops and markets both branded and generic pharmaceutical products. Headquartered in Houston, Texas, the company focuses on complex dosage forms—including injectables, sterile formulations and oncology therapies—and seeks to address unmet medical needs through advanced drug delivery technologies. Its product portfolio spans therapeutic areas such as pain management, oncology and cardiovascular care.
Since its founding in 2007, Elite Pharmaceuticals has pursued strategic partnerships and licensing agreements to expand its pipeline and manufacturing capabilities.
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