Escalon Medical (OTCMKTS:ESMC) Stock Passes Below 50 Day Moving Average – What’s Next?

Shares of 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 $0.20 and traded as low as $0.18. Escalon Medical shares last traded at $0.1995, with a volume of 25,608 shares traded.

Escalon Medical Stock Performance

The company has a market capitalization of $1.48 million, a price-to-earnings ratio of -6.65 and a beta of 0.23. The company has a 50 day moving average price of $0.20 and a 200 day moving average price of $0.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.06 and a current ratio of 1.65.

Escalon Medical (OTCMKTS:ESMC) last posted its quarterly earnings results on Tuesday, February 17th. The medical equipment provider reported $0.01 earnings per share for the quarter. The business had revenue of $3.59 million for the quarter. Escalon Medical had a negative return on equity of 19.77% and a negative net margin of 2.03%.

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.