Egalet Corp Sets New 12-Month Low After Earnings Miss (EGLT)
Egalet Corp (NASDAQ:EGLT) reached a new 52-week low during trading on Tuesday following a dissappointing earnings announcement, Stock Ratings Network reports. The company traded as low as $9.09 and last traded at $9.35, with a volume of 12,741 shares traded. The stock had previously closed at $10.16.
The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by $0.31.
In other Egalet Corp news, Insider Mark Strobeck unloaded 3,085 shares of Egalet Corp stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $11.50, for a total value of $35,477.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
The stock has a 50-day moving average of $12.42 and a 200-day moving average of $13.01. The company’s market cap is $146.2 million.
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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