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

Shares of Escalon Medical Corp. (OTCMKTS:ESMC) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.16 and traded as high as $0.16. Escalon Medical shares last traded at $0.16, with a volume of 0 shares traded.

Escalon Medical Price Performance

The firm has a market capitalization of $1.15 million, a price-to-earnings ratio of -7.75 and a beta of 0.41. The company’s 50 day moving average is $0.16 and its 200 day moving average is $0.23. The company has a quick ratio of 0.98, a current ratio of 1.67 and a debt-to-equity ratio of 0.21.

Escalon Medical (OTCMKTS:ESMC) last issued its quarterly earnings data on Friday, November 14th. The medical equipment provider reported ($0.03) earnings per share for the quarter. Escalon Medical had a negative return on equity of 7.73% and a negative net margin of 0.85%.The business had revenue of $2.67 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.