Escalon Medical (OTCMKTS:ESMC) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Escalon Medical Corp. (OTCMKTS:ESMC)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.17 and traded as high as $0.20. Escalon Medical shares last traded at $0.20, with a volume of 530 shares trading hands.

Escalon Medical Stock Down 3.8 %

The firm’s 50 day simple moving average is $0.17 and its two-hundred day simple moving average is $0.15. The company has a current ratio of 1.95, a quick ratio of 0.99 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.48 million, a price-to-earnings ratio of 20.02 and a beta of -0.37.

Escalon Medical (OTCMKTS:ESMC) last released its quarterly earnings results on Friday, February 14th. The medical equipment provider reported $0.02 EPS for the quarter. Escalon Medical had a net margin of 1.43% and a return on equity of 14.79%. The firm had revenue of $3.22 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.