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Spectral Medical (TSE:EDT) Shares Cross Above 50 Day Moving Average - Should You Sell?

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.80 and traded as high as C$0.83. Spectral Medical shares last traded at C$0.82, with a volume of 11,190 shares.

Spectral Medical Stock Performance

The company has a market cap of C$227.81 million, a P/E ratio of -11.57 and a beta of 0.96. The business's 50 day simple moving average is C$0.80 and its 200 day simple moving average is C$0.66. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03.

About Spectral Medical

(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.

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