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Spectral Medical (TSE:EDT) Hits New 52-Week High - Still a Buy?

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as C$0.85 and last traded at C$0.84, with a volume of 196600 shares trading hands. The stock had previously closed at C$0.78.

Spectral Medical Stock Performance

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 firm has a 50-day moving average price of C$0.71 and a two-hundred day moving average price of C$0.60. The firm has a market capitalization of C$222.19 million, a P/E ratio of -11.29 and a beta of 0.96.

Spectral Medical Company Profile

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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.

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