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Spectral Medical (OTCMKTS:EDTXF) Trading 6.3% Higher - Time to Buy?

Spectral Medical logo with Medical background

Spectral Medical Inc. (OTCMKTS:EDTXF - Get Free Report) shot up 6.3% during mid-day trading on Wednesday . The stock traded as high as $0.62 and last traded at $0.61. 58,208 shares changed hands during trading, an increase of 273% from the average session volume of 15,608 shares. The stock had previously closed at $0.57.

Spectral Medical Stock Up 0.4 %

The stock has a fifty day moving average of $0.53 and a two-hundred day moving average of $0.44. The stock has a market cap of $177.43 million, a price-to-earnings ratio of -8.89 and a beta of 0.20.

Spectral Medical (OTCMKTS:EDTXF - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $0.40 million during the quarter.

Spectral Medical Company Profile

(Get Free Report)

Spectral Medical Inc focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.

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