Escalon Medical (OTCMKTS:ESMC) Announces Quarterly Earnings Results

Escalon Medical (OTCMKTS:ESMC) announced its quarterly earnings data on Friday. The medical equipment provider reported $0.16 earnings per share for the quarter, reports. Escalon Medical had a negative return on equity of 19.77% and a negative net margin of 2.03%.The business had revenue of $2.61 million during the quarter.

Escalon Medical Stock Performance

OTCMKTS ESMC traded down $0.01 on Friday, hitting $0.25. 15,194 shares of the stock traded hands, compared to its average volume of 22,627. The business’s fifty day moving average is $0.19 and its two-hundred day moving average is $0.18. Escalon Medical has a 12 month low of $0.10 and a 12 month high of $0.46. The firm has a market capitalization of $1.86 million, a price-to-earnings ratio of -8.36 and a beta of 0.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.06 and a current ratio of 1.65.

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.