Spectral Medical (TSE:EDT) Hits New 1-Year High – Should You Buy?

Spectral Medical Inc. (TSE:EDTGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.85 and last traded at C$0.84, with a volume of 196600 shares trading hands. The stock had previously closed at C$0.78.

Spectral Medical Price Performance

The firm has a market capitalization of C$230.63 million, a price-to-earnings 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 business has a 50-day moving average price of C$0.70 and a two-hundred day moving average price of C$0.60.

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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