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Spectral Medical (TSE:EDT) Shares Pass Above 50-Day Moving Average - Time to Sell?

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.52 and traded as high as C$0.55. Spectral Medical shares last traded at C$0.52, with a volume of 14,730 shares.

Spectral Medical Price Performance

The company's 50 day simple moving average is C$0.52 and its 200 day simple moving average is C$0.57. The stock has a market capitalization of C$143.44 million, a PE ratio of -7.29 and a beta of 0.96. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03.

Spectral Medical (TSE:EDT - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$0.50 million for the quarter. On average, equities analysts anticipate that Spectral Medical Inc. will post -0.05 earnings per share for the current year.

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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