Escalon Medical (OTCMKTS:ESMC) Shares Down 24.9%

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price was down 24.9% on Wednesday . The stock traded as low as $0.09 and last traded at $0.09, approximately 101 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 9,175 shares. The stock had previously closed at $0.12.

The firm’s fifty day simple moving average is $0.12 and its two-hundred day simple moving average is $0.12. The company has a quick ratio of 1.17, a current ratio of 1.92 and a debt-to-equity ratio of 0.01.

About Escalon Medical (OTCMKTS:ESMC)

Escalon Medical Corp. develops, manufactures, markets, and distributes 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.

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