Escalon Medical (OTCMKTS:ESMC) Announces Quarterly Earnings Results

Escalon Medical (OTCMKTS:ESMC) posted its quarterly earnings results on Friday. The medical equipment provider reported ($0.03) earnings per share for the quarter, Zacks reports. The firm had revenue of $2.67 million during the quarter. Escalon Medical had a net margin of 0.88% and a return on equity of 7.73%.

Escalon Medical Stock Up 0.5%

ESMC stock traded up $0.00 during midday trading on Friday, hitting $0.17. 500 shares of the company’s stock were exchanged, compared to its average volume of 21,510. Escalon Medical has a 1-year low of $0.10 and a 1-year high of $0.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.72 and a quick ratio of 0.92. The business has a 50-day simple moving average of $0.20 and a two-hundred day simple moving average of $0.28.

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.