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

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.20 and traded as high as $0.20. Escalon Medical shares last traded at $0.20, with a volume of 2,765 shares.

Escalon Medical Stock Up 9.3%

The company has a market capitalization of $1.48 million, a P/E ratio of 1.82 and a beta of 0.17. The firm’s 50 day moving average price is $0.20 and its two-hundred day moving average price is $0.19. The company has a current ratio of 2.59, a quick ratio of 1.94 and a debt-to-equity ratio of 0.04.

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

About Escalon Medical

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.