Escalon Medical (OTCMKTS:ESMC) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Escalon Medical Corp. (OTCMKTS:ESMCGet Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.15 and traded as low as $0.13. Escalon Medical shares last traded at $0.16, with a volume of 114,222 shares traded.

Escalon Medical Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.99 and a current ratio of 1.66. The firm’s 50-day moving average is $0.15 and its 200 day moving average is $0.14. The firm has a market capitalization of $1.21 million, a PE ratio of -8.17 and a beta of -0.30.

About Escalon Medical

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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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