Egalet Corporation (NASDAQ:EGLT) gapped up before the market opened on Wednesday . The stock had previously closed at $0.99, but opened at $1.03. Egalet shares last traded at $1.07, with a volume of 2415029 shares traded.
Several equities research analysts recently weighed in on EGLT shares. Cantor Fitzgerald set a $7.00 price objective on shares of Egalet and gave the stock a “buy” rating in a research note on Friday, December 15th. Stifel Nicolaus lowered shares of Egalet from a “buy” rating to a “hold” rating and set a $1.50 price objective on the stock. in a research note on Wednesday. Finally, Gabelli lowered shares of Egalet from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.20.
The stock has a market cap of $46.04, a P/E ratio of -0.32 and a beta of 0.44. The company has a current ratio of 2.73, a quick ratio of 2.68 and a debt-to-equity ratio of -3.43.
COPYRIGHT VIOLATION WARNING: This article was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2018/01/04/egalet-eglt-shares-gap-up-to-1-03.html.
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.
Receive News & Ratings for Egalet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Egalet and related companies with MarketBeat.com's FREE daily email newsletter.