Elite Pharmaceuticals Inc. (OTCMKTS:ELTP – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $0.4710, but opened at $0.4508. Elite Pharmaceuticals shares last traded at $0.4784, with a volume of 23,382 shares traded.
Elite Pharmaceuticals Stock Performance
The firm’s fifty day moving average is $0.54 and its 200-day moving average is $0.59. The company has a current ratio of 8.04, a quick ratio of 6.34 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $501.68 million, a PE ratio of 46.74 and a beta of 0.32.
About Elite Pharmaceuticals
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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