Spectral Medical (TSE:EDT) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Spectral Medical Inc. (TSE:EDT) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.53 and traded as high as C$0.55. Spectral Medical shares last traded at C$0.54, with a volume of 29,500 shares traded.

Spectral Medical Price Performance

The stock has a market cap of C$154.69 million, a P/E ratio of -7.86 and a beta of 0.96. The business has a 50 day simple moving average of C$0.53 and a 200-day simple moving average of C$0.56. The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61.

Spectral Medical (TSE:EDT) last issued its quarterly earnings results on Friday, November 8th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$0.50 million for the quarter. On average, sell-side analysts forecast that Spectral Medical Inc. will post -0.05 EPS for the current year.

About Spectral Medical

Spectral Medical Inc focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.