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

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.15 and traded as low as $0.12. Escalon Medical shares last traded at $0.12, with a volume of 102 shares trading hands.

Escalon Medical Price Performance

The firm’s fifty day simple moving average is $0.15 and its 200-day simple moving average is $0.15. The firm has a market capitalization of $900,046.00, a PE ratio of -6.07 and a beta of -0.36. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.22.

Escalon Medical Company Profile

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.