Spectral Medical (TSE:EDT) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Spectral Medical Inc. (TSE:EDT) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.63 and traded as low as C$0.56. Spectral Medical shares last traded at C$0.58, with a volume of 45,960 shares.

Spectral Medical Stock Performance

The stock has a market cap of C$168.75 million, a P/E ratio of -8.57 and a beta of 0.96. The stock has a fifty day simple moving average of C$0.62 and a 200-day simple moving average of C$0.55. The company has a debt-to-equity ratio of 26.03, a quick ratio of 0.45 and a current ratio of 0.61.

Spectral Medical (TSE:EDT) last announced its earnings results on Friday, August 9th. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$0.47 million during the quarter. On average, equities analysts expect that Spectral Medical Inc. will post -0.05 earnings per share for the current year.

Insider Activity at Spectral Medical

In other Spectral Medical news, Director Paul M. Walker sold 150,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$0.65, for a total transaction of C$97,500.00. 18.18% of the stock is owned by insiders.

Spectral Medical Company Profile

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.