Escalon Medical (OTCMKTS:ESMC) Share Price Passes Below 50 Day Moving Average of $0.19

Escalon Medical Corp. (OTCMKTS:ESMC) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.19 and traded as low as $0.16. Escalon Medical shares last traded at $0.16, with a volume of 850 shares trading hands.

Escalon Medical Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.58. The company has a market capitalization of $1.19 million, a P/E ratio of -8.00 and a beta of -0.24. The business’s fifty day simple moving average is $0.19 and its 200-day simple moving average is $0.21.

Escalon Medical (OTCMKTS:ESMC) last posted its earnings results on Tuesday, May 14th. The medical equipment provider reported ($0.02) earnings per share for the quarter. Escalon Medical had a negative return on equity of 22.59% and a negative net margin of 2.32%. The business had revenue of $2.70 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.