Elite Pharmaceuticals (OTCMKTS:ELTP) Shares Gap Down – Here’s What Happened

Elite Pharmaceuticals Inc. (OTCMKTS:ELTPGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $0.6750, but opened at $0.6346. Elite Pharmaceuticals shares last traded at $0.6076, with a volume of 766,318 shares.

Elite Pharmaceuticals Trading Down 3.1%

The stock has a market capitalization of $605.06 million, a PE ratio of -56.36 and a beta of 0.10. The company has a current ratio of 7.23, a quick ratio of 5.44 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $0.63 and its two-hundred day moving average is $0.60.

Elite Pharmaceuticals Company Profile

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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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