Escalon Medical (OTCMKTS:ESMC) Trading 52.9% Higher – Here’s Why

Shares of Escalon Medical Corp. (OTCMKTS:ESMC) rose 52.9% during trading on Wednesday . The stock traded as high as $0.27 and last traded at $0.26. Approximately 364,802 shares were traded during trading, an increase of 69,886% from the average daily volume of 521 shares. The stock had previously closed at $0.17.

Escalon Medical Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.86 million, a P/E ratio of -8.36 and a beta of 0.11. The business’s 50 day simple moving average is $0.19 and its two-hundred day simple moving average is $0.18.

Escalon Medical (OTCMKTS:ESMC) last issued its earnings results on Friday, May 15th. The medical equipment provider reported $0.16 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%.

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.