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Spectral Medical (TSE:EDT) Share Price Passes Above 50-Day Moving Average - What's Next?

Spectral Medical logo with Medical background

Shares of Spectral Medical Inc. (TSE:EDT - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.72 and traded as high as C$0.80. Spectral Medical shares last traded at C$0.80, with a volume of 7,375 shares traded.

Spectral Medical Stock Performance

The firm has a market capitalization of C$219.38 million, a P/E ratio of -11.14 and a beta of 0.96. The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45. The firm has a 50-day moving average price of C$0.73 and a two-hundred day moving average price of C$0.61.

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.

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