Eagle Pharmaceuticals (NASDAQ:EGRX) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.67 and traded as high as $0.9750. Eagle Pharmaceuticals shares last traded at $0.95, with a volume of 7,253 shares changing hands.

Eagle Pharmaceuticals Stock Performance

The company has a market capitalization of $12.60 million, a P/E ratio of 0.82 and a beta of 0.83. The company has a 50-day simple moving average of $0.68 and a 200 day simple moving average of $0.53.

About Eagle Pharmaceuticals

(Get Free Report)

Eagle Pharmaceuticals, Inc is a specialty pharmaceutical company focused on developing, manufacturing and commercializing injectable products for use in hospital and other acute-care settings. The company’s portfolio includes branded products, ready-to-use formulations and therapies designed to address clinical or logistical challenges associated with existing medicines.

Eagle’s marketed products have included Ryanodex (dantrolene sodium), an emergency treatment for malignant hyperthermia; Belrapzo (bendamustine hydrochloride), used in certain blood cancers; Pemfexy (pemetrexed), a chemotherapy treatment; Barhemsys (amisulpride), used to prevent and treat postoperative nausea and vomiting; and Byfavo (remimazolam), an intravenous sedative used for procedural sedation.

Further Reading

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