Escalon Medical (OTCMKTS:ESMC) Posts Earnings Results

Escalon Medical (OTCMKTS:ESMC) posted its quarterly earnings data on Tuesday. The medical equipment provider reported $0.12 EPS for the quarter, Zacks reports. Escalon Medical had a net margin of 16.17% and a negative return on equity of 21.42%. The business had revenue of $3.86 million for the quarter.

Escalon Medical Stock Performance

Shares of OTCMKTS ESMC opened at $0.17 on Wednesday. Escalon Medical has a 1 year low of $0.14 and a 1 year high of $0.28. The firm has a market cap of $1.22 million, a P/E ratio of 1.50 and a beta of 0.51. The stock has a fifty day moving average price of $0.17 and a two-hundred day moving average price of $0.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.94 and a current ratio of 2.59.

About Escalon Medical

Escalon Medical Corp. is a medical-device company focused on products for the ophthalmic surgical market. The company develops, manufactures and markets devices and related products used by eye-care professionals, particularly in procedures involving the retina and vitreous.

Its product offerings have included ophthalmic surgical instruments, delivery systems and products used in retinal surgery, such as intraocular gases, silicone oils and other retinal tamponade materials. These products are designed to support procedures for treating retinal detachments and other serious eye conditions.

Escalon Medical has historically served ophthalmic surgeons and medical institutions through markets in the United States and internationally.