Spectral Medical (TSE:EDT) Stock Passes Below 50-Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemShares of Spectral Medical Inc. (TSE:EDT – Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$1.36 and traded as low as C$1.28. Spectral Medical shares last traded at C$1.31, with a volume of 19,000 shares.
Spectral Medical Trading Up 9.9%
The firm has a market capitalization of C$416.36 million, a PE ratio of -10.29 and a beta of 0.35. The company has a quick ratio of 0.45, a current ratio of 0.61 and a debt-to-equity ratio of 26.03. The stock’s fifty day simple moving average is C$1.36 and its 200 day simple moving average is C$1.24.
Spectral Medical (TSE:EDT – Get Free Report) last posted its earnings results on Friday, November 7th. The company reported C($0.11) earnings per share for the quarter. The company had revenue of C$0.68 million for the quarter. On average, sell-side analysts predict that Spectral Medical Inc. will post -0.05 earnings per share 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.