LED Medical Diagnostics (CVE:LMD) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

LED Medical Diagnostics Inc (CVE:LMD) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.40 and traded as low as C$0.39. LED Medical Diagnostics shares last traded at C$0.40, with a volume of 8,500 shares traded.

LED Medical Diagnostics Price Performance

The company has a market capitalization of C$15.51 million and a P/E ratio of -10.26. The company has a fifty day moving average price of C$0.40 and a 200 day moving average price of C$0.40. The company has a debt-to-equity ratio of 221.26, a current ratio of 1.32 and a quick ratio of 1.03.

About LED Medical Diagnostics

LED Medical Diagnostics Inc develops and markets diagnostic dental imaging products and software in North America. Its products include Velscope Vx system, a device for the enhanced visualization of oral mucosal abnormalities, such as oral cancer and premalignant dysplasia; VELscope Vx imaging adapter for fluorescence and white-light clinical imaging; Vx VELcaps to prevent patient cross contamination; Vx VELsheaths, a single use plastic sheath to prevent patient cross contamination; and VELscope and Vx Value Bundle, a portable handheld device used to conduct oral tissue examinations.