Spectral Medical (TSE:EDT) Share Price Passes Above 50 Day Moving Average – What’s Next?

Shares of Spectral Medical Inc. (TSE:EDT) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.38 and traded as high as C$1.42. Spectral Medical shares last traded at C$1.42, with a volume of 31,088 shares.

Spectral Medical Price Performance

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 has a market cap of C$416.65 million, a PE ratio of -10.92 and a beta of 0.65. The firm has a 50-day simple moving average of C$1.38 and a 200 day simple moving average of C$1.35.

Spectral Medical (TSE:EDT) last announced its quarterly earnings data on Friday, May 8th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$0.89 million during the quarter. As a group, equities analysts expect that Spectral Medical Inc. will post -0.05 EPS for the current 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.