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Spectral Medical (TSE:EDT) Shares Pass Above 50-Day Moving Average - Here's Why

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.83 and traded as high as C$0.87. Spectral Medical shares last traded at C$0.87, with a volume of 5,274 shares traded.

Spectral Medical Trading Down 1.2%

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 has a market capitalization of C$227.81 million, a P/E ratio of -11.57 and a beta of 0.96. The firm has a 50 day moving average price of C$0.83 and a two-hundred day moving average price of C$0.69.

About Spectral Medical

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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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