Spectral Medical (TSE:EDT) Shares Pass Below Fifty Day Moving Average – What’s Next?

Spectral Medical Inc. (TSE:EDT) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$1.34 and traded as low as C$1.34. Spectral Medical shares last traded at C$1.37, with a volume of 13,130 shares changing hands.

Spectral Medical Stock Down 0.7%

The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45. The business’s 50 day moving average price is C$1.34 and its 200 day moving average price is C$1.38. The firm has a market cap of C$396.12 million, a PE ratio of -9.79 and a beta of 0.61.

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.