Spectral Medical (TSE:EDT) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Spectral Medical Inc. (TSE:EDT) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.37 and traded as high as C$1.45. Spectral Medical shares last traded at C$1.44, with a volume of 54,382 shares changing hands.

Spectral Medical Stock Up 2.9%

The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03. The company has a market capitalization of C$422.52 million, a PE ratio of -11.08 and a beta of 0.65. The stock has a 50-day moving average of C$1.37 and a 200 day moving average of C$1.36.

Spectral Medical (TSE:EDT) last issued its quarterly earnings results on Friday, May 8th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$0.89 million during the quarter. Sell-side analysts anticipate that Spectral Medical Inc. will post -0.05 EPS for the current year.

Spectral Medical Company Profile

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. The segments of the group are Spectral Medical Inc, which is the key revenue-generating segment that manufactures and sells its EAA diagnostic and certain proprietary reagents; Dialco Medical Inc segment; and Corporate.