Why Endo (ENDP) Stock Wilted After its Surge on Tuesday?

Published on 25 Aug 2022 on Zacks via Yahoo Finance

Why Endo (ENDP) Stock Wilted After its Surge on Tuesday?

Shares of Endo International Plc ENDP crashed 26% on Jun 29, right after the pharma stock witnessed a surge the day before.

Endo is knee-deep in trouble with several litigation suits over opioid sales that have caused shares to underperform for quite some time.

The company’s unfavorable debt profile has also been a headwind. As of Mar 31, 2022, the company’s debt to total capital ratio was 119.4% compared unfavorably with the industry’s 43.6%.

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