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Spectral Medical (TSE:EDT) Share Price Crosses Above 50 Day Moving Average - Time to Sell?

Spectral Medical logo with Medical background
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Spectral Medical Inc. (TSE:EDT - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.62 and traded as high as C$0.68. Spectral Medical shares last traded at C$0.67, with a volume of 42,000 shares changing hands.

Spectral Medical Stock Up 5.6 %

The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03. The stock has a market cap of C$210.94 million, a P/E ratio of -10.71 and a beta of 0.96. The firm has a 50-day simple moving average of C$0.62 and a two-hundred day simple moving average of C$0.59.

About Spectral Medical

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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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