Spectral Medical (TSE:EDT) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Spectral Medical Inc. (TSE:EDT) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.63 and traded as low as C$0.56. Spectral Medical shares last traded at C$0.58, with a volume of 45,960 shares changing hands.

Spectral Medical Stock Down 1.7 %

The company has a current ratio of 0.61, a quick ratio of 0.45 and a debt-to-equity ratio of 26.03. The company has a market capitalization of C$163.13 million, a price-to-earnings ratio of -8.29 and a beta of 0.96. The firm’s 50 day simple moving average is C$0.63 and its 200-day simple moving average is C$0.55.

Spectral Medical (TSE:EDT) last announced its quarterly earnings data on Friday, August 9th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$0.47 million for the quarter. On average, sell-side analysts anticipate that Spectral Medical Inc. will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling at Spectral Medical

In other Spectral Medical news, Director Paul M. Walker sold 150,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$0.65, for a total transaction of C$97,500.00. 18.18% of the stock is currently owned by corporate insiders.

Spectral Medical Company Profile

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.