Escalon Medical (OTCMKTS:ESMC) Stock Crosses Above 50-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Escalon Medical Corp. (OTCMKTS:ESMC – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $0.17 and traded as high as $0.1750. Escalon Medical shares last traded at $0.1750, with a volume of 51,500 shares trading hands.

Escalon Medical Stock Performance

The company has a market cap of $1.30 million, a price-to-earnings ratio of 1.59 and a beta of 0.51. The company has a current ratio of 2.59, a quick ratio of 1.94 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average price is $0.17 and its 200-day moving average price is $0.18.

About Escalon Medical

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Escalon Medical Corp. is a medical-device company focused on products used in ophthalmic diagnosis and surgery. The company has developed, manufactured and marketed equipment and disposable products for eye-care professionals, particularly for procedures involving the retina and other structures of the eye.

Its product offerings have included ophthalmic ultrasound systems and related diagnostic equipment, as well as surgical products used in vitreoretinal procedures. These products are designed for use by ophthalmologists, hospitals and ambulatory surgical centers.

Escalon Medical has operated from the United States and has marketed its ophthalmic products through domestic and international distribution channels.

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