Spectral Medical (TSE:EDT) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Spectral Medical Inc. (TSE:EDTGet Free Report)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.65 and traded as high as C$0.77. Spectral Medical shares last traded at C$0.77, with a volume of 139,820 shares traded.

Spectral Medical Stock Performance

The stock has a 50-day moving average of C$0.66 and a 200-day moving average of C$0.59. The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61. The firm has a market cap of C$216.56 million, a price-to-earnings ratio of -11.00 and a beta of 0.96.

Spectral Medical Company Profile

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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.

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