Escalon Medical (OTCMKTS:ESMC) Stock Crosses Below 50-Day Moving Average of $0.08

Escalon Medical Corp. (OTCMKTS:ESMCGet Rating)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.08 and traded as low as $0.06. Escalon Medical shares last traded at $0.06, with a volume of 18,500 shares.

Escalon Medical Price Performance

The company has a 50-day simple moving average of $0.08 and a 200-day simple moving average of $0.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.27 and a quick ratio of 0.76.

Escalon Medical (OTCMKTS:ESMCGet Rating) last released its quarterly earnings data on Monday, November 14th. The medical equipment provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $2.61 million during the quarter. Escalon Medical had a negative return on equity of 77.30% and a negative net margin of 5.83%.

Escalon Medical Company Profile

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Escalon Medical Corp. develops, manufactures, markets, and distributes medical devices and pharmaceuticals in the area of ophthalmology in the United States and internationally. It offers A-Scan, which provides information about the internal structure of the eye; B-Scan, a diagnostic tool that supplies information to physicians where the media within the eye are cloudy or opaque; UBM, a high frequency/high resolution ultrasound device, which provides detailed information about the anterior segment of the eye; and Pachymeter that measures the thickness of cornea.

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