Escalon Medical (OTCMKTS:ESMC) Stock Passes Above 50-Day Moving Average – Should You Sell?

Escalon Medical Corp. (OTCMKTS:ESMC)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.19 and traded as high as $0.1934. Escalon Medical shares last traded at $0.1934, with a volume of 1,400 shares traded.

Escalon Medical Stock Performance

The stock’s 50-day moving average price is $0.19 and its 200 day moving average price is $0.19. The company has a quick ratio of 1.94, a current ratio of 2.59 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.44 million, a P/E ratio of 1.76 and a beta of 0.17.

Escalon Medical (OTCMKTS:ESMC) last posted its quarterly earnings data on Friday, May 15th. The medical equipment provider reported $0.16 earnings per share (EPS) for the quarter. Escalon Medical had a net margin of 16.17% and a negative return on equity of 21.42%. The business had revenue of $2.61 million during the quarter.

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.