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Spectral Medical (TSE:EDT) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Spectral Medical logo with Medical background

Spectral Medical Inc. (TSE:EDT - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.84 and traded as high as C$0.85. Spectral Medical shares last traded at C$0.84, with a volume of 44,958 shares trading hands.

Spectral Medical Stock Performance

The company has a market capitalization of C$230.63 million, a PE ratio of -11.71 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 stock's fifty day simple moving average is C$0.84 and its 200-day simple moving average is C$0.73.

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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