Spectral Medical (TSE:EDT) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Spectral Medical Inc. (TSE:EDT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.33 and traded as high as C$1.36. Spectral Medical shares last traded at C$1.30, with a volume of 49,942 shares changing hands.

Spectral Medical Stock Down 3.7%

The firm has a 50-day moving average of C$1.33 and a 200 day moving average of C$1.33. The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45. The stock has a market capitalization of C$375.88 million, a price-to-earnings ratio of -9.29 and a beta of 0.61.

Spectral Medical (TSE:EDT) last posted its quarterly earnings results on Friday, November 7th. The company reported C($0.11) earnings per share for the quarter. The business had revenue of C$0.68 million during the quarter. As a group, sell-side analysts forecast that Spectral Medical Inc. will post -0.05 earnings per share for the current fiscal year.

About Spectral Medical

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. The segments of the group are Spectral Medical Inc, which is the key revenue-generating segment that manufactures and sells its EAA diagnostic and certain proprietary reagents; Dialco Medical Inc segment; and Corporate.