Spectral Medical (TSE:EDT) Stock Passes Below 50 Day Moving Average – What’s Next?

Spectral Medical Inc. (TSE:EDT)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.55 and traded as low as C$0.49. Spectral Medical shares last traded at C$0.49, with a volume of 33,950 shares changing hands.

Spectral Medical Stock Performance

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 stock has a market capitalization of C$139.22 million, a PE ratio of -7.07 and a beta of 0.96. The business’s fifty day moving average price is C$0.55 and its 200-day moving average price is C$0.56.

Spectral Medical (TSE:EDT) last announced its quarterly earnings results on Friday, November 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$0.50 million during the quarter. As a group, equities research analysts expect that Spectral Medical Inc. will post -0.05 EPS for the current year.

About Spectral Medical

Spectral Medical Inc focuses on the development and commercialization of products for the treatment of septic shock in the United States, Italy, Ireland, and internationally. The company markets Endotoxin Activity Assay, a rapid in vitro diagnostic test for the detection of components of gram negative bacterial cell wall; and Polymyxin B Hemoperfusion, a therapeutic hemoperfusion device that removes endotoxin from the bloodstream.