Elite Pharmaceuticals Inc (ELTP)

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Top 5 Companies in the Pharmaceuticals Industry With the Lowest Beta (ELTP, NBY, TEVA, ABT, FLML)
1 hours 57 minutes ago - Comtex SmarTrend(R) via Comtex
Comtex SmarTrend(R)Below are the top five companies in the Pharmaceuticals industry as measured by beta. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.

Elite Pharmaceuticals (NASDAQ:ELTP) ranks first with a beta of 0.11; Novabay Pharmaceuticals (AMEX:NBY) ranks second with a beta of 0.51; and Teva Pharmaceutical Industries (NASDAQ:TEVA) ranks third with a beta of 0.54.

Abbott Laboratories (NYSE:ABT) follows with a beta of 0.56 and Flamel Technologies (NASDAQ:FLML) rounds out the top five with a beta of 0.57.

SmarTrend currently has shares of Novabay Pharmaceuticals in an Downtrend and issued the Downtrend alert on May 20, 2011 at $1.61. The stock has fallen 37.1% since the Downtrend alert was issued.

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