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Spectral Medical (TSE:EDT) Share Price Passes Below 50-Day Moving Average - Here's Why

Spectral Medical logo with Medical background

Shares of Spectral Medical Inc. (TSE:EDT - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.62 and traded as low as C$0.57. Spectral Medical shares last traded at C$0.57, with a volume of 130,006 shares traded.

Spectral Medical Stock Performance

The company has a market cap of C$160.31 million, a P/E ratio of -8.14 and a beta of 0.96. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03. The business has a fifty day moving average price of C$0.62 and a 200-day moving average price of C$0.55.

Spectral Medical (TSE:EDT - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$0.47 million during the quarter. On average, analysts forecast that Spectral Medical Inc. will post -0.05 earnings per share for the current year.

Insiders Place Their Bets

In other Spectral Medical news, Director Paul M. Walker sold 150,000 shares of Spectral Medical stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$0.65, for a total value of C$97,500.00. Corporate insiders own 18.18% of the company's stock.

Spectral Medical Company Profile

(Get Free Report)

Spectral Medical Inc focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.

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