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

Spectral Medical Inc. (TSE:EDT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.34 and traded as high as C$1.36. Spectral Medical shares last traded at C$1.31, with a volume of 3,850 shares.

Spectral Medical Stock Down 0.8%

The business’s fifty day simple moving average is C$1.34 and its two-hundred day simple moving average is C$1.40. The company has a market cap of C$378.77 million, a PE ratio of -9.36 and a beta of 0.61. The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45.

About Spectral Medical

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.