Spectral Medical (TSE:EDT) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Spectral Medical Inc. (TSE:EDT) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.53 and traded as high as C$0.55. Spectral Medical shares last traded at C$0.54, with a volume of 29,500 shares traded.

Spectral Medical Stock Performance

The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45. The company has a 50 day simple moving average of C$0.53 and a 200-day simple moving average of C$0.56. The firm has a market cap of C$151.88 million, a PE ratio of -7.71 and a beta of 0.96.

Spectral Medical (TSE:EDT) last released its earnings results on Friday, November 8th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$0.50 million for the quarter. As a group, equities research analysts anticipate that Spectral Medical Inc. will post -0.05 EPS for the current year.

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.