Egalet (EGLT) Shares Up 0%
Shares of Egalet Corporation (NASDAQ:EGLT) shot up 0% during trading on Thursday . The company traded as high as $1.15 and last traded at $1.14. 2,072,209 shares changed hands during trading, a decline of 18% from the average session volume of 2,537,003 shares. The stock had previously closed at $1.14.
Several research firms have issued reports on EGLT. Stifel Nicolaus lowered Egalet from a “buy” rating to a “hold” rating and set a $1.50 price target for the company. in a report on Wednesday. Cantor Fitzgerald set a $7.00 price target on Egalet and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Gabelli lowered Egalet from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.20.
The company has a debt-to-equity ratio of -3.43, a quick ratio of 2.68 and a current ratio of 2.73. The stock has a market cap of $49.05, a price-to-earnings ratio of -0.34 and a beta of 0.44.
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Egalet Company Profile
Egalet Corporation is a specialty pharmaceutical company. The Company is engaged in developing, manufacturing and commercializing treatments for pain and other conditions. The Company’s products include OXAYDO and SPRIX Nasal Spray. The Company is developing two late-stage product candidates, ARYMO ER and Egalet-002 using Guardian Technology.
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