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

Spectral Medical Inc. (TSE:EDTGet Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.68 and traded as high as C$0.70. Spectral Medical shares last traded at C$0.69, with a volume of 178,492 shares changing hands.

Spectral Medical Trading Down 1.4 %

The firm has a market capitalization of C$194.06 million, a price-to-earnings ratio of -9.86 and a beta of 0.96. The business’s 50-day moving average price is C$0.68 and its 200 day moving average price is C$0.59. The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45.

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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