Escalon Medical (OTCMKTS:ESMC) Stock Breaks Above 50 Day Moving Average – Here’s Why

Shares of Escalon Medical Corp. (OTCMKTS:ESMC) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $0.17 and traded as high as $0.17. Escalon Medical shares last traded at $0.17, with a volume of 2,000 shares changing hands.

Escalon Medical Stock Performance

The company has a current ratio of 2.94, a quick ratio of 2.21 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.26 million, a price-to-earnings ratio of 0.65 and a beta of 0.51. The stock has a fifty day moving average price of $0.17 and a 200-day moving average price of $0.18.

Escalon Medical (OTCMKTS:ESMC) last announced its quarterly earnings results on Tuesday, October 13th. The medical equipment provider reported $0.12 EPS for the quarter. Escalon Medical had a return on equity of 65.44% and a net margin of 31.50%. The business had revenue of $3.86 million for the quarter.

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.