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

Spectral Medical Inc. (TSE:EDT)’s share price crossed 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 traded.

Spectral Medical Stock Performance

The firm has a market capitalization of C$375.88 million, a price-to-earnings ratio of -9.29 and a beta of 0.61. The business’s 50 day moving average price is C$1.33 and its 200-day moving average price is 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.

Spectral Medical (TSE:EDT) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.11) EPS for the quarter. The company had revenue of C$0.68 million for the quarter. Equities analysts forecast that Spectral Medical Inc. will post -0.05 EPS for the current fiscal year.

Spectral Medical Company Profile

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.