Escalon Medical (OTCMKTS:ESMC) Stock Crosses Below 50 Day Moving Average – What’s Next?

Escalon Medical Corp. (OTCMKTS:ESMCGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.15 and traded as low as $0.13. Escalon Medical shares last traded at $0.16, with a volume of 114,222 shares.

Escalon Medical Stock Up 22.6 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.66 and a quick ratio of 0.99. The company has a market capitalization of $1.18 million, a P/E ratio of -7.97 and a beta of -0.30. The company has a 50 day moving average of $0.15 and a 200-day moving average of $0.14.

Escalon Medical Company Profile

(Get Free Report)

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.

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