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

Escalon Medical Corp. (OTCMKTS:ESMC) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.19 and traded as high as $0.21. Escalon Medical shares last traded at $0.21, with a volume of 7,500 shares.

Escalon Medical Trading Down 1.2%

The firm has a market cap of $1.56 million, a P/E ratio of 1.91 and a beta of 0.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.06 and a current ratio of 2.59. The firm has a fifty day moving average of $0.19 and a 200-day moving average of $0.18.

Escalon Medical (OTCMKTS:ESMC) last announced its quarterly earnings results on Friday, May 15th. The medical equipment provider reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $2.61 million for the quarter. Escalon Medical had a negative return on equity of 21.42% and a net margin of 16.17%.

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.