Spectral Medical (TSE:EDT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Spectral Medical Inc. (TSE:EDT) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.37 and traded as high as C$1.39. Spectral Medical shares last traded at C$1.35, with a volume of 254,013 shares trading hands.

Spectral Medical Price Performance

The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03. The company’s 50-day moving average is C$1.37 and its 200-day moving average is C$1.36. The stock has a market cap of C$396.12 million, a price-to-earnings ratio of -10.38 and a beta of 0.82.

Spectral Medical (TSE:EDT) last posted its earnings results on Friday, May 8th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$0.89 million during the quarter. Equities research analysts expect that Spectral Medical Inc. will post -0.05 earnings per share 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.