Boston, MA 05/24/2013 (wallstreetpr) – The share prices of Escalon Medical Corp. (NASDAQ:ESMC) surged by 33.75 percent to close at $1.36 per share for the end of the last trading session. The shares of the healthcare sector company had been trading in the range of $1.05 to $1.57 per share during the day. Further, the shares of Escalon Medical Corp. (NASDAQ:ESMC) had acquired a new 52 week high price of $1.57 per share during the last trading session, while the 52 week low price for the company remains at $0.25 per share.
Escalon Medical Corp. (NASDAQ:ESMC) has its presence in the health care sector where it is engaged in the development, manufacture, marketing and distribution of medical devices. The company operated in various markets such as diabetics, hematology and ophthalmology. Escalon Medical Corp. (NASDAQ:ESMC) operates its businesses in three major segments namely Escalon Clinical Diagnostics (ECD), Sonomed Escalon and Escalon Medical Corp. The clinical diagnostics business of Escalon Medical Corp. (NASDAQ:ESMC) was acquired by ERBA Diagnostics in October, 2012.
The Sonomed Escalon consists of three wholly owned subsidiaries named Sonomed, EMI and Trek and all the three subsidiaries are functioning in the development and manufacture of medical devices related to Ophthalmology. On the other hand, Escalon Medical Corp segment takes care of the administrative work related to the consolidated businesses.
Escalon Medical Corp. (NASDAQ:ESMC) presently holds 7.53 million outstanding in the market and the institutional ownership in the company is 8 percent of its holdings. The heath care company has an average trading volume of 1,761 shares per day.
