Spectra Products (CVE:SSA) Trading Up 10.3% – Here’s Why

Shares of Spectra Products Inc. (CVE:SSA) shot up 10.3% during trading on Friday . The stock traded as high as C$0.22 and last traded at C$0.22. 9,000 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 43,509 shares. The stock had previously closed at C$0.20.

Spectra Products Price Performance

The company has a market cap of C$2.84 million, a price-to-earnings ratio of 15.50 and a beta of -0.07. The company has a current ratio of 8.17, a quick ratio of 11.32 and a debt-to-equity ratio of 13.90. The company’s 50 day moving average price is C$0.17 and its 200 day moving average price is C$0.18.

Spectra Products Company Profile

Spectra Inc, through its subsidiary Spectra Products Inc, manufactures and markets bus and truck transportation safety equipment in Canada, China, and the United States. It offers brake and wheel-end monitoring equipment as an after-market product. The company also provides Brake Safe, a visual brake stroke indicator system that permits vehicle drivers and maintenance personnel to visually determine the brake adjustment condition of a truck, trailer, or bus equipped with an air activated brake system; and Brake Inspector, an electronic version of Brake Safe, which offers an in-cab display of air brake status and permits diagnosis of various existing and potential brake problems.