Spectral Medical (TSE:EDT) Shares Cross Above 50-Day Moving Average – Here’s Why

Spectral Medical Inc. (TSE:EDT) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.33 and traded as high as C$1.35. Spectral Medical shares last traded at C$1.30, with a volume of 19,122 shares.

Spectral Medical Stock Down 1.5%

The company has a market cap of C$375.88 million, a P/E ratio of -9.29 and a beta of 0.43. 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 business’s 50 day moving average price is C$1.33 and its 200-day moving average price is C$1.31.

Spectral Medical (TSE:EDT) last released its quarterly earnings results on Friday, November 7th. The company reported C($0.11) earnings per share for the quarter. The company had revenue of C$0.68 million during the quarter. On average, analysts anticipate that Spectral Medical Inc. will post -0.05 earnings per share 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.