Top Performer for Wed: Hi-Tech Pharmacal (HITK) – Zacks #1 Rank Top Performers
James Giaquinto (September 30th, 2009) Writes:
< ?DART(15);?> With a gain of only around 3.8%, HITK is a top-performing Zacks #1 Rank company today. Volume is at 514,000, versus the daily average of 586,000.
HITK is a specialty pharmaceutical company developing, manufacturing and marketing generic and branded prescription and OTC products. It specializes in difficult-to-manufacture liquid and semi-solid dosage forms and produces a range of sterile ophthalmic, otic and inhalation products.
The company is part of the Medical-Generic Drugs industry. There is only 1 other name from that space on today's 218-stock Zacks #1 Rank List, and that is Impax Laboratories, Inc. (IPXL).
Strong Fiscal First Quarter
In early September, HITK released its fiscal first quarter report, which included earnings per
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