Free Trial

Spectral Medical (TSE:EDT) Shares Cross Below 50 Day Moving Average - Here's What Happened

Spectral Medical logo with Medical background

Key Points

  • Spectral Medical's share price has fallen below its 50-day moving average of C$0.83, trading as low as C$0.81 and currently at C$0.82.
  • The company focuses on developing treatments for septic shock and has a market cap of C$230.63 million, with a negative price-to-earnings ratio of -11.71.
  • Spectral Medical has significant financial metrics including a debt-to-equity ratio of 26.03, current ratio of 0.61, and quick ratio of 0.45.
  • Need better tools to track Spectral Medical? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Spectral Medical Inc. (TSE:EDT - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.83 and traded as low as C$0.81. Spectral Medical shares last traded at C$0.82, with a volume of 87,509 shares changing hands.

Spectral Medical Stock Up 0.9%

The company has a market capitalization of C$309.38 million, a P/E ratio of -15.71 and a beta of 0.96. The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61. The firm's fifty day moving average is C$0.84 and its 200-day moving average is C$0.78.

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.

See Also

Should You Invest $1,000 in Spectral Medical Right Now?

Before you consider Spectral Medical, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spectral Medical wasn't on the list.

While Spectral Medical currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Hot Stocks to Buy Now: September’s Top Picks With Major Momentum
$15 Billion for Cybersecurity: The Government’s Next Big Push
Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines