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

Shares of Escalon Medical Corp. (OTCMKTS:ESMC) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.16 and traded as high as $0.21. Escalon Medical shares last traded at $0.21, with a volume of 500 shares changing hands.

Escalon Medical Price Performance

The company has a quick ratio of 0.99, a current ratio of 1.95 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.54 million, a PE ratio of 20.82 and a beta of -0.37. The business’s 50 day simple moving average is $0.16 and its 200 day simple moving average is $0.15.

Escalon Medical (OTCMKTS:ESMC) last posted its quarterly earnings data on Friday, February 14th. The medical equipment provider reported $0.02 EPS for the quarter. Escalon Medical had a net margin of 1.43% and a return on equity of 14.79%. The company had revenue of $3.22 million during the quarter.

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.