Spectral Medical (TSE:EDT) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Spectral Medical Inc. (TSE:EDTGet Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.65 and traded as high as C$0.77. Spectral Medical shares last traded at C$0.77, with a volume of 139,820 shares trading hands.

Spectral Medical Stock Up 2.7 %

The company has a market capitalization of C$216.56 million, a P/E ratio of -11.00 and a beta of 0.96. The company has a 50-day moving average of C$0.65 and a two-hundred day moving average of C$0.59. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03.

Spectral Medical Company Profile

(Get Free Report)

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.

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