Spectral Medical (TSE:EDT) Shares Pass Above Fifty Day Moving Average – Here’s Why

Spectral Medical Inc. (TSE:EDT)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$1.38 and traded as high as C$1.42. Spectral Medical shares last traded at C$1.42, with a volume of 31,088 shares trading hands.

Spectral Medical Trading Up 2.9%

The stock has a 50 day simple moving average of C$1.38 and a 200-day simple moving average of C$1.35. The firm has a market capitalization of C$416.65 million, a P/E ratio of -10.92 and a beta of 0.65. The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03.

Spectral Medical (TSE:EDT) last posted its quarterly earnings data on Friday, May 8th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$0.89 million during the quarter. On average, equities research analysts forecast that Spectral Medical Inc. will post -0.05 EPS for the current fiscal year.

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.