Escalon Medical (OTCMKTS:ESMC) Stock Passes Below 50 Day Moving Average of $0.18

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.18 and traded as low as $0.14. Escalon Medical shares last traded at $0.14, with a volume of 14,500 shares changing hands.

Escalon Medical Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.58. The company has a 50 day moving average price of $0.18 and a 200 day moving average price of $0.20.

Escalon Medical (OTCMKTS:ESMC) last released its earnings results on Tuesday, May 14th. The medical equipment provider reported ($0.02) EPS for the quarter. The business had revenue of $2.70 million for the quarter. Escalon Medical had a negative net margin of 2.32% and a negative return on equity of 22.59%.

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.