Spectral Medical (TSE:EDT) Shares Pass Above 50-Day Moving Average – What’s Next?

Spectral Medical Inc. (TSE:EDTGet Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.57 and traded as high as C$0.76. Spectral Medical shares last traded at C$0.72, with a volume of 94,312 shares trading hands.

Spectral Medical Stock Performance

The firm’s 50 day moving average price is C$0.57 and its two-hundred day moving average price is C$0.59. The firm has a market cap of C$202.50 million, a PE ratio of -10.29 and a beta of 0.96. The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61.

About Spectral Medical

(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.

Further Reading

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