Escalon Medical (OTCMKTS:ESMC) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Escalon Medical Corp. (OTCMKTS:ESMC)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.17 and traded as low as $0.17. Escalon Medical shares last traded at $0.17, with a volume of 3,265 shares traded.

Escalon Medical Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $0.20 and a 200-day moving average price of $0.17. The firm has a market cap of $1.26 million, a price-to-earnings ratio of -5.67 and a beta of 0.18.

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

Escalon Medical Company Profile

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.