Escalon Medical (OTCMKTS:ESMC) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Escalon Medical Corp. (OTCMKTS:ESMC) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.20 and traded as high as $0.40. Escalon Medical shares last traded at $0.35, with a volume of 26,375 shares changing hands.

Escalon Medical Stock Up 9.4%

The company has a market cap of $2.60 million, a P/E ratio of 35.04 and a beta of 0.10. The company’s 50-day moving average is $0.20 and its two-hundred day moving average is $0.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.95 and a quick ratio of 0.99.

Escalon Medical (OTCMKTS:ESMC) last posted its earnings results on Wednesday, May 14th. 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 return on equity of 14.79% and a net margin of 1.43%.

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.