Escalon Medical (OTCMKTS:ESMC) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Escalon Medical Corp. (OTCMKTS:ESMC) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.18 and traded as high as $0.23. Escalon Medical shares last traded at $0.23, with a volume of 500 shares trading hands.

Escalon Medical Trading Up 11.3%

The business has a 50 day simple moving average of $0.18 and a 200 day simple moving average of $0.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.06. The company has a market cap of $1.71 million, a price-to-earnings ratio of -7.67 and a beta of 0.23.

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