Shares of Escalon Medical Corp. (OTCMKTS:ESMC – Get Free Report) rose 52.9% on Wednesday . The company traded as high as $0.27 and last traded at $0.26. Approximately 364,802 shares were traded during trading, an increase of 69,886% from the average daily volume of 521 shares. The stock had previously closed at $0.17.
Escalon Medical Trading Up 52.9%
The company has a debt-to-equity ratio of 0.12, a current ratio of 1.65 and a quick ratio of 1.06. The company has a market cap of $1.93 million, a price-to-earnings ratio of -8.67 and a beta of 0.11. The business’s fifty day moving average price is $0.19 and its 200 day moving average price is $0.18.
Escalon Medical (OTCMKTS:ESMC – Get Free Report) last announced its earnings results on Tuesday, February 17th. The medical equipment provider reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $3.59 million during the quarter. Escalon Medical had a negative return on equity of 19.77% and a negative net margin of 2.03%.
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.
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