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Spectral Medical (TSE:EDT) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Spectral Medical logo with Medical background
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Spectral Medical Inc. (TSE:EDT - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.60 and traded as high as C$0.74. Spectral Medical shares last traded at C$0.69, with a volume of 67,260 shares.

Spectral Medical Price Performance

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 50-day moving average price of C$0.61 and a 200-day moving average price of C$0.59. The firm has a market capitalization of C$194.06 million, a PE ratio of -9.86 and a beta of 0.96.

Spectral Medical Company Profile

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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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