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

Spectral Medical Inc. (TSE:EDT) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.52 and traded as high as C$0.53. Spectral Medical shares last traded at C$0.49, with a volume of 59,507 shares trading hands.

Spectral Medical Trading Down 2.0 %

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 stock has a market cap of C$137.81 million, a price-to-earnings ratio of -7.00 and a beta of 0.96. The company’s 50 day simple moving average is C$0.52 and its two-hundred day simple moving average is C$0.57.

Spectral Medical (TSE:EDT) last posted its quarterly earnings results on Friday, November 8th. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$0.50 million for the quarter. Research analysts expect that Spectral Medical Inc. will post -0.05 EPS for the current fiscal 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.