Spectral Medical (TSE:EDT) Sets New 1-Year Low – What’s Next?

Spectral Medical Inc. (TSE:EDTGet Free Report)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as C$1.13 and last traded at C$1.15, with a volume of 268520 shares traded. The stock had previously closed at C$1.24.

Spectral Medical Trading Down 7.3%

The company has a market cap of C$337.59 million, a PE ratio of -9.58 and a beta of 0.94. The business has a 50 day simple moving average of C$1.34 and a two-hundred day simple moving average of C$1.36. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03.

About Spectral Medical

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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.

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