Spectral Medical (TSE:EDT) Shares Cross Above 50-Day Moving Average – Should You Sell?

Spectral Medical Inc. (TSE:EDTGet Free Report)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.60 and traded as high as C$0.74. Spectral Medical shares last traded at C$0.69, with a volume of 67,260 shares changing hands.

Spectral Medical Trading Up 1.5 %

The company’s 50-day moving average is C$0.60 and its 200-day moving average is 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$194.06 million, a price-to-earnings ratio of -9.86 and a beta of 0.96.

About Spectral Medical

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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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