Escalon Medical (OTCMKTS:ESMC) Shares Pass Above 50-Day Moving Average – Time to Sell?

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.14 and traded as high as $0.15. Escalon Medical shares last traded at $0.13, with a volume of 12,001 shares changing hands.

Escalon Medical Price Performance

The stock has a fifty day moving average of $0.14 and a 200-day moving average of $0.16. The firm has a market capitalization of $964,600.00, a P/E ratio of -6.50 and a beta of -0.24. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.23.

Escalon Medical (OTCMKTS:ESMC) last announced its earnings results on Monday, September 30th. The medical equipment provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $3.47 million for the quarter. Escalon Medical had a negative net margin of 1.25% and a negative return on equity of 12.89%.

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.