Spectral Medical (OTCMKTS:EDTXF) Stock Price Up 9.1% – Still a Buy?

Shares of Spectral Medical Inc. (OTCMKTS:EDTXF) shot up 9.1% on Friday . The stock traded as high as $0.38 and last traded at $0.38. 2,562 shares traded hands during trading, a decline of 85% from the average session volume of 17,406 shares. The stock had previously closed at $0.35.

Spectral Medical Price Performance

The company’s 50 day simple moving average is $0.38 and its two-hundred day simple moving average is $0.41. The company has a market cap of $107.75 million, a PE ratio of -5.41 and a beta of 0.87.

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.