Escalon Medical (OTCMKTS:ESMC) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.20 and traded as low as $0.18. Escalon Medical shares last traded at $0.1995, with a volume of 25,608 shares traded.

Escalon Medical Price Performance

The stock has a market cap of $1.48 million, a P/E ratio of -6.65 and a beta of 0.23. The business has a 50-day simple moving average of $0.20 and a 200 day simple moving average of $0.19. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12.

Escalon Medical (OTCMKTS:ESMC) last issued its quarterly earnings data on Tuesday, February 17th. The medical equipment provider reported $0.01 earnings per share (EPS) for the quarter. Escalon Medical had a negative return on equity of 19.77% and a negative net margin of 2.03%.The company had revenue of $3.59 million during the quarter.

About Escalon Medical

Escalon Medical Corp. engages in the development, manufacturing, marketing, and distribution of 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.