Escalon Medical (OTCMKTS:ESMC) Shares Break Above 50-Day Moving Average – What’s Next?

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $0.18 and traded as high as $0.19. Escalon Medical shares last traded at $0.19, with a volume of 49,549 shares.

Escalon Medical Price Performance

The business has a fifty day simple moving average of $0.18 and a 200 day simple moving average of $0.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.59 and a quick ratio of 1.94.

About Escalon Medical

Escalon Medical Corp. is a medical-device company focused on products used in ophthalmic diagnosis and surgery. The company has developed, manufactured and marketed equipment and disposable products for eye-care professionals, particularly for procedures involving the retina and other structures of the eye.

Its product offerings have included ophthalmic ultrasound systems and related diagnostic equipment, as well as surgical products used in vitreoretinal procedures. These products are designed for use by ophthalmologists, hospitals and ambulatory surgical centers.

Escalon Medical has operated from the United States and has marketed its ophthalmic products through domestic and international distribution channels.