Spectral Medical (TSE:EDT) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Spectral Medical Inc. (TSE:EDT)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.39 and traded as low as C$1.39. Spectral Medical shares last traded at C$1.41, with a volume of 18,419 shares traded.

Spectral Medical Price Performance

The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market capitalization of C$413.72 million, a PE ratio of -10.85 and a beta of 0.65. The company’s 50-day simple moving average is C$1.39 and its 200-day simple moving average is C$1.35.

Spectral Medical (TSE:EDT) last issued its quarterly earnings data on Friday, May 8th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$0.89 million for the quarter. As a group, sell-side analysts anticipate that Spectral Medical Inc. will post -0.05 earnings per share 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.