Elite Pharmaceuticals, Inc. (OTCMKTS:ELTP – Get Free Report)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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.
Elite Pharmaceuticals Price Performance
The company has a market cap of $587.23 million, a PE ratio of -54.97 and a beta of 0.25. The company has a quick ratio of 2.42, a current ratio of 3.52 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $0.55 and a 200-day simple moving average of $0.35.
About Elite Pharmaceuticals
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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