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

Spectral Medical logo with Medical background

Key Points

  • Spectral Medical's stock price surpassed its 50-day moving average of C$0.83, trading as high as C$0.85 before last closing at C$0.82.
  • The company has a market capitalization of C$230.63 million and a negative PE ratio of -11.71, indicating potential financial challenges.
  • Spectral Medical is focused on developing a treatment for septic shock through its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic.
  • MarketBeat previews the top five stocks to own by September 1st.

Spectral Medical Inc. (TSE:EDT - Get Free Report)'s stock price passed 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$0.85. Spectral Medical shares last traded at C$0.82, with a volume of 73,605 shares.

Spectral Medical Trading Down 1.2%

The firm has a market cap of C$230.63 million, a P/E ratio of -11.71 and a beta of 0.96. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03. The stock has a 50 day simple moving average of C$0.83 and a 200-day simple moving average of C$0.75.

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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