Spectral Medical (TSE:EDT) Shares Pass Above 50 Day Moving Average – Here’s Why

Shares of Spectral Medical Inc. (TSE:EDT) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.53 and traded as high as C$0.55. Spectral Medical shares last traded at C$0.54, with a volume of 29,500 shares trading hands.

Spectral Medical Trading Up 8.0 %

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 firm’s 50 day moving average price is C$0.53 and its 200 day moving average price is C$0.56. The stock has a market capitalization of C$151.88 million, a P/E ratio of -7.71 and a beta of 0.96.

Spectral Medical (TSE:EDT) last released its quarterly earnings results on Friday, November 8th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$0.50 million during the quarter. As a group, 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 focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.