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Spectral Medical (TSE:EDT) Shares Cross Above Fifty Day Moving Average - Time to 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 Friday . The stock has a 50 day moving average of C$0.74 and traded as high as C$0.83. Spectral Medical shares last traded at C$0.83, with a volume of 43,896 shares trading hands.

Spectral Medical Stock Up 2.5 %

The company has a market capitalization of C$233.44 million, a price-to-earnings ratio of -11.86 and a beta of 0.96. The firm's 50 day moving average price is C$0.74 and its two-hundred day moving average price is C$0.62. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03.

Spectral Medical Company Profile

(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.

Further Reading

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