Spectral Medical (TSE:EDT) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Spectral Medical Inc. (TSE:EDTGet Free Report)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.40 and traded as low as C$1.27. Spectral Medical shares last traded at C$1.27, with a volume of 23,466 shares traded.

Spectral Medical Stock Down 3.1%

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$367.21 million, a PE ratio of -9.07 and a beta of 0.35. The company’s 50 day moving average is C$1.40 and its two-hundred day moving average is C$1.21.

Spectral Medical (TSE:EDTGet Free Report) last released its quarterly earnings data on Friday, November 7th. The company reported C($0.11) EPS for the quarter. The business had revenue of C$0.68 million for the quarter. On average, analysts anticipate that Spectral Medical Inc. will post -0.05 earnings per share for the current year.

Spectral Medical Company Profile

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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.

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