Spectral Medical (TSE:EDT) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Spectral Medical Inc. (TSE:EDT)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.36 and traded as low as C$1.28. Spectral Medical shares last traded at C$1.31, with a volume of 19,000 shares traded.

Spectral Medical Stock Performance

The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45. The company has a 50 day simple moving average of C$1.36 and a 200-day simple moving average of C$1.24. The stock has a market capitalization of C$378.77 million, a P/E ratio of -9.36 and a beta of 0.35.

Spectral Medical (TSE:EDT) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.11) earnings per share for the quarter. The company had revenue of C$0.68 million during the quarter. On average, equities analysts forecast 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.