Spectral Medical (TSE:EDT) Reaches New 1-Year High – What’s Next?

Spectral Medical Inc. (TSE:EDTGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as C$0.85 and last traded at C$0.84, with a volume of 196600 shares. The stock had previously closed at C$0.78.

Spectral Medical Price Performance

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 business’s 50 day moving average is C$0.71 and its two-hundred day moving average is C$0.60. The firm has a market cap of C$230.63 million, a P/E ratio of -11.71 and a beta of 0.96.

About Spectral Medical

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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.

Further Reading

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