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

Spectral Medical Inc. (TSE:EDTGet Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.37 and traded as high as C$1.45. Spectral Medical shares last traded at C$1.44, with a volume of 54,382 shares trading hands.

Spectral Medical Trading Down 0.7%

The company’s fifty day moving average is C$1.37 and its two-hundred day moving average is C$1.36. The stock has a market cap of C$410.79 million, a price-to-earnings ratio of -10.77 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03.

Spectral Medical (TSE:EDTGet Free Report) last issued its earnings results on Friday, May 8th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$0.89 million for the quarter. On average, research analysts predict that Spectral Medical Inc. will post -0.05 EPS for the current fiscal year.

Spectral Medical Company Profile

(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. 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.

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