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

Escalon Medical Corp. (OTCMKTS:ESMC)’s share 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 changing hands.

Escalon Medical Trading Down 3.3 %

The stock’s fifty day moving average price is $0.15 and its 200 day moving average price is $0.15. The stock has a market cap of $900,046.00, a P/E ratio of -6.07 and a beta of -0.36. The company has a current ratio of 1.66, a quick ratio of 0.99 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.