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Spectral Medical (TSE:EDT) Share Price Crosses Above 200-Day Moving Average - Here's Why

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.58 and traded as high as C$0.65. Spectral Medical shares last traded at C$0.64, with a volume of 111,651 shares traded.

Spectral Medical Stock Up 1.6 %

The stock has a market capitalization of C$182.81 million, a price-to-earnings ratio of -9.29 and a beta of 0.96. The business's 50-day moving average is C$0.53 and its two-hundred day moving average is C$0.58. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03.

Spectral Medical Company Profile

(Get Free Report)

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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