Escalon Medical (OTCMKTS:ESMC) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 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.

Escalon Medical Price Performance

The stock has a market capitalization of $900,046.00, a PE ratio of -6.07 and a beta of -0.36. 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 business’s fifty day moving average price is $0.15 and its two-hundred day moving average price is $0.15.

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.