Spectral Medical (TSE:EDT) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Spectral Medical Inc. (TSE:EDT) stock recently crossed above its 200-day moving average of C$1.02, reaching a high of C$1.65 before closing at C$1.53.
• The company, focused on treatments for septic shock, has a market cap of C$442.38 million and a debt-to-equity ratio of 26.03.
• Currently, Spectral Medical shares are down by 3.8% and show a PE ratio of -21.86 indicating negative earnings.

Spectral Medical Inc. (TSE:EDT - ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.02 and traded as high as C$1.65. Spectral Medical shares last traded at C$1.53, with a volume of 138,762 shares.

Spectral Medical Trading Down 3.8%

The company has a fifty day simple moving average of C$1.42 and a two-hundred day simple moving average of C$1.02. 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 company has a market cap of C$442.38 million, a PE ratio of -21.86 and a beta of 0.13.

About Spectral Medical

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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