Escalon Medical (OTCMKTS:ESMC) Releases Earnings Results

Escalon Medical (OTCMKTS:ESMC) posted its quarterly earnings results on Tuesday. The medical equipment provider reported $0.01 EPS for the quarter, Zacks reports. Escalon Medical had a negative return on equity of 7.73% and a negative net margin of 0.85%.

Escalon Medical Trading Down 11.6%

Shares of OTCMKTS ESMC traded down $0.02 during midday trading on Tuesday, reaching $0.17. 35,800 shares of the stock were exchanged, compared to its average volume of 13,543. The stock has a market capitalization of $1.28 million, a P/E ratio of -8.61 and a beta of 0.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 1.67. The company has a 50 day simple moving average of $0.16 and a 200 day simple moving average of $0.21. Escalon Medical has a twelve month low of $0.10 and a twelve month high of $0.46.

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.