Spectral Medical (TSE:EDT) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Spectral Medical Inc. (TSE:EDT) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.52 and traded as high as C$0.55. Spectral Medical shares last traded at C$0.52, with a volume of 14,730 shares.

Spectral Medical Stock Performance

The firm has a market capitalization of C$146.25 million, a P/E ratio of -7.43 and a beta of 0.96. The company’s 50 day moving average is C$0.52 and its 200-day moving average is C$0.57. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03.

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

About Spectral Medical

Spectral Medical Inc is focused on the development and commercialization of a treatment for septic shock utilizing its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic. The company also manufactures and sells proprietary reagents. The product line of the company consists of proprietary biochemical, EAA, and instrumentation.