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Spectral Medical (TSE:EDT) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.81 and traded as high as C$0.88. Spectral Medical shares last traded at C$0.88, with a volume of 17,411 shares changing hands.

Spectral Medical Stock Down 1.1%

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 stock has a market cap of C$244.69 million, a P/E ratio of -12.43 and a beta of 0.96. The stock's fifty day simple moving average is C$0.82 and its 200-day simple moving average is C$0.68.

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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