Egalet Corp Insider Unloads $35,478 in Stock (EGLT)
Egalet Corp (NASDAQ:EGLT) Insider Mark Strobeck unloaded 3,085 shares of Egalet Corp stock on the open market in a transaction dated Thursday, August 7th. The shares were sold at an average price of $11.50, for a total transaction of $35,477.50. Following the transaction, the insider now directly owns 136,115 shares in the company, valued at approximately $1,565,323. The transaction was disclosed in a filing with the SEC, which is available at this link.
Egalet Corp (NASDAQ:EGLT) traded down 3.42% during mid-day trading on Friday, hitting $10.44. The stock had a trading volume of 41,904 shares. Egalet Corp has a 52 week low of $9.54 and a 52 week high of $19.85. The stock’s 50-day moving average is $12.67 and its 200-day moving average is $13.06. The company’s market cap is $165.9 million.
Egalet Corp (NASDAQ:EGLT) last released its earnings data on Tuesday, May 13th. The company reported ($1.39) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.16) by $1.23. Analysts expect that Egalet Corp will post $-2.67 EPS for the current fiscal year.
Egalet Corporation is a specialty pharmaceutical company developing and focuses on commercializing, abuse-deterrent oral products for the treatment of pain and in other indications.
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