Escalon Medical (OTCMKTS:ESMC) Posts Earnings Results

Escalon Medical (OTCMKTS:ESMC) posted its quarterly earnings results on Tuesday. The medical equipment provider reported $0.12 earnings per share for the quarter, Zacks reports. The company had revenue of $3.86 million during the quarter. Escalon Medical had a negative return on equity of 21.42% and a net margin of 16.17%.

Escalon Medical Trading Up 6.1%

Shares of OTCMKTS ESMC opened at $0.17 on Thursday. The business has a 50 day simple moving average of $0.17 and a 200 day simple moving average of $0.18. Escalon Medical has a 52 week low of $0.14 and a 52 week high of $0.28. The stock has a market cap of $1.30 million, a price-to-earnings ratio of 1.50 and a beta of 0.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.94 and a current ratio of 2.59.

About Escalon Medical

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.