Escalon Medical (OTCMKTS:ESMC) Stock Price Down 7.5% – Time to Sell?

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price fell 7.5% on Wednesday . The stock traded as low as $0.14 and last traded at $0.14. 201 shares were traded during trading, a decline of 98% from the average session volume of 11,094 shares. The stock had previously closed at $0.15.

Escalon Medical Price Performance

The stock’s 50 day simple moving average is $0.16 and its 200-day simple moving average is $0.15. The firm has a market cap of $927,500.00, a price-to-earnings ratio of -6.25 and a beta of -0.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 1.66.

Escalon Medical (OTCMKTS:ESMC) last announced its quarterly earnings data on Monday, September 30th. The medical equipment provider reported $0.02 EPS for the quarter. The business had revenue of $3.47 million during the quarter. Escalon Medical had a negative net margin of 1.25% and a negative return on equity of 13.10%.

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.