Escalon Medical (OTCMKTS:ESMC) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

by · The Markets Daily

Escalon Medical Corp. (OTCMKTS:ESMC – Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.15 and traded as high as $0.17. Escalon Medical shares last traded at $0.17, with a volume of 7,000 shares.

Escalon Medical Trading Up 10.0 %

The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $0.15 and a two-hundred day simple moving average of $0.16.

Escalon Medical (OTCMKTS:ESMC – Get Free Report) last released its earnings results on Monday, September 30th. The medical equipment provider reported $0.02 earnings per share for the quarter. The firm 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

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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.

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