Elite Pharmaceuticals (OTCMKTS:ELTP) Stock Price Passes Below 50 Day Moving Average of $0.09

Elite Pharmaceuticals, Inc. (OTCMKTS:ELTP) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.09 and traded as low as $0.08. Elite Pharmaceuticals shares last traded at $0.09, with a volume of 181,900 shares changing hands.

The firm’s 50-day moving average is $0.09 and its 200-day moving average is $0.07.

Elite Pharmaceuticals Company Profile (OTCMKTS:ELTP)

Elite Pharmaceuticals, Inc, a specialty pharmaceutical company, engages in the research, development, manufacture, and licensing of proprietary orally administered controlled-release drug delivery systems and products. The company operates in Abbreviated New Drug Applications for Generic Products and New Drug Applications for Branded Products segments.

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