Spectral Medical (TSE:EDT) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Spectral Medical Inc. (TSE:EDT) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.40 and traded as low as C$1.27. Spectral Medical shares last traded at C$1.27, with a volume of 23,466 shares changing hands.

Spectral Medical Stock Performance

The stock has a 50 day simple moving average of C$1.39 and a 200 day simple moving average of C$1.21. 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 stock has a market cap of C$367.21 million, a P/E ratio of -9.07 and a beta of 0.35.

Spectral Medical (TSE:EDT) last announced its quarterly earnings data on Friday, November 7th. The company reported C($0.11) earnings per share (EPS) for the quarter. The company had revenue of C$0.68 million for the quarter. On average, equities analysts expect 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.