Spectral Medical (TSE:EDT) Shares Pass Above 50-Day Moving Average – Time to Sell?
by Michael Walen · The Markets DailySpectral Medical Inc. (TSE:EDT – Get Free Report)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.34 and traded as high as C$1.39. Spectral Medical shares last traded at C$1.34, with a volume of 70,458 shares traded.
Spectral Medical Price Performance
The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61. The company’s fifty day simple moving average is C$1.34 and its two-hundred day simple moving average is C$1.30. The stock has a market capitalization of C$387.45 million, a PE ratio of -9.57 and a beta of 0.43.
Spectral Medical (TSE:EDT – Get Free Report) last announced its quarterly earnings results on Friday, November 7th. The company reported C($0.11) earnings per share (EPS) for the quarter. The business had revenue of C$0.68 million for the quarter. As a group, sell-side analysts predict 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.