Shares of Catalent Inc. (NYSE:CTLT) traded today at $124.48, eclipsing its 52-week high. Approximately 739,000 shares have changed hands today, as compared to an average 30-day volume of 999,000 shares.
Catalent Inc is a specialty and generic drug manufacturing company. The company focuses on advanced delivery technologies and development solutions for drugs, biologics, and consumer health products. The vast majority of Catalent’s sales are generated in the United States, followed by Europe and the rest of the world. Most of the company’s sales are derived from branded drug products. The company considers merger and acquisition investment to be a potential component of its operational growth strategy for expanding its research, development, manufacturing, and marketing capabilities.
In the past 52 weeks, shares of Catalent Inc. have traded between a low of $31.04 and a high of $124.48 and is now at $120.14, which is 287% above that low price.
Catalent Inc. (NYSE:CTLT) is currently priced 31.8% above its average consensus analyst price target of $81.97.
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