Spectral Medical (TSE:EDT) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Spectral Medical Inc. (TSE:EDT)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.52 and traded as high as C$0.60. Spectral Medical shares last traded at C$0.59, with a volume of 19,000 shares traded.

Spectral Medical Stock Down 1.7 %

The firm has a market capitalization of C$165.94 million, a PE ratio of -8.43 and a beta of 0.96. The firm’s 50-day moving average is C$0.52 and its 200 day moving average is C$0.57. The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61.

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