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

Escalon Medical Corp. (OTCMKTS:ESMC) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Escalon Medical Trading Down 3.8 %

The firm has a fifty day moving average of $0.17 and a 200-day moving average of $0.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.99 and a current ratio of 1.95. The stock has a market capitalization of $1.48 million, a price-to-earnings ratio of 20.02 and a beta of -0.37.

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

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.