Spectral Medical (TSE:EDT) Stock Crosses Above 50-Day Moving Average of $0.60

Spectral Medical Inc. (TSE:EDT)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.60 and traded as high as C$0.67. Spectral Medical shares last traded at C$0.67, with a volume of 201,550 shares changing hands.

Spectral Medical Price Performance

The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03. The company has a market capitalization of C$188.44 million, a PE ratio of -9.57 and a beta of 0.99. The stock’s 50-day moving average is C$0.60 and its two-hundred day moving average is C$0.52.

Spectral Medical (TSE:EDT) last issued its quarterly earnings results on Friday, August 9th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$0.47 million during the quarter. On average, equities analysts predict that Spectral Medical Inc. will post -0.05 EPS for the current year.

Insiders Place Their Bets

In other news, Director Paul M. Walker sold 100,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of C$0.49, for a total transaction of C$49,000.00. Insiders own 20.61% of the company’s stock.

About Spectral Medical

Spectral Medical Inc focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.