Spectral Medical (TSE:EDT) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Spectral Medical Inc. (TSE:EDTGet Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.58 and traded as high as C$0.65. Spectral Medical shares last traded at C$0.64, with a volume of 111,651 shares traded.

Spectral Medical Trading Up 4.9 %

The business has a 50-day simple moving average of C$0.53 and a two-hundred day simple moving average of C$0.58. The stock has a market cap of C$180 million, a price-to-earnings ratio of -9.14 and a beta of 0.96. The company has a debt-to-equity ratio of 26.03, a current ratio of 0.61 and a quick ratio of 0.45.

Spectral Medical Company Profile

(Get Free Report)

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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