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Spectral Medical (TSE:EDT) Stock Passes Above 50 Day Moving Average - What's Next?

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.72 and traded as high as C$0.80. Spectral Medical shares last traded at C$0.80, with a volume of 7,375 shares trading hands.

Spectral Medical Trading Down 1.3 %

The firm has a market cap of C$219.38 million, a P/E ratio of -11.14 and a beta of 0.96. The firm has a fifty day simple moving average of C$0.73 and a 200-day simple moving average of C$0.61. The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45.

About Spectral Medical

(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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