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Spectral Medical (TSE:EDT) Shares Pass Above 50-Day Moving Average - Here's What Happened

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.68 and traded as high as C$0.70. Spectral Medical shares last traded at C$0.69, with a volume of 178,492 shares.

Spectral Medical Stock Up 4.2 %

The stock's fifty day simple moving average is C$0.69 and its 200-day simple moving average is C$0.60. 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 company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61.

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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