Spectral Medical (TSE:EDT) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Spectral Medical Inc. (TSE:EDT) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.35 and traded as low as C$1.35. Spectral Medical shares last traded at C$1.36, with a volume of 61,854 shares.

Spectral Medical Stock Performance

The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45. The company’s fifty day moving average price is C$1.39 and its 200 day moving average price is C$1.35. The company has a market cap of C$399.05 million, a PE ratio of -10.46 and a beta of 0.82.

Spectral Medical (TSE:EDT) last released its quarterly earnings results on Friday, May 8th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$0.89 million for the quarter. On average, equities research analysts predict that Spectral Medical Inc. will post -0.05 earnings per share for the current 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. The segments of the group are Spectral Medical Inc, which is the key revenue-generating segment that manufactures and sells its EAA diagnostic and certain proprietary reagents; Dialco Medical Inc segment; and Corporate.