Spectral Medical (TSE:EDT) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Spectral Medical Inc. (TSE:EDT)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.34 and traded as high as C$1.36. Spectral Medical shares last traded at C$1.31, with a volume of 3,850 shares.

Spectral Medical Price Performance

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 company has a market capitalization of C$378.77 million, a PE ratio of -9.36 and a beta of 0.61. The firm’s 50 day simple moving average is C$1.34 and its 200 day simple moving average is C$1.40.

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.