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

Escalon Medical Corp. (OTCMKTS:ESMC – Get Free Report)’s stock price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $0.17 and traded as low as $0.1502. Escalon Medical shares last traded at $0.1502, with a volume of 6,000 shares changing hands.

Escalon Medical Price Performance

The stock has a market cap of $1.11 million, a P/E ratio of 1.37 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 firm’s fifty day moving average is $0.17 and its 200 day moving average is $0.18.

About Escalon Medical

(Get Free Report)

Escalon Medical Corp. is a medical-device company focused on products for the ophthalmic surgical market. The company develops, manufactures and markets devices and related products used by eye-care professionals, particularly in procedures involving the retina and vitreous.

Its product offerings have included ophthalmic surgical instruments, delivery systems and products used in retinal surgery, such as intraocular gases, silicone oils and other retinal tamponade materials. These products are designed to support procedures for treating retinal detachments and other serious eye conditions.

Escalon Medical has historically served ophthalmic surgeons and medical institutions through markets in the United States and internationally.

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