Scientific Industries (OTCMKTS:SCND) Releases Quarterly Earnings Results

Scientific Industries (OTCMKTS:SCND) announced its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. Scientific Industries had a negative net margin of 62.14% and a negative return on equity of 71.75%.

Scientific Industries Stock Down 16.0%

SCND traded down $0.12 during midday trading on Wednesday, hitting $0.63. 68,222 shares of the company traded hands, compared to its average volume of 9,513. The company’s 50-day moving average is $0.70 and its 200 day moving average is $0.71. Scientific Industries has a 52 week low of $0.42 and a 52 week high of $1.39. The firm has a market capitalization of $7.46 million, a PE ratio of -1.08 and a beta of 0.43.

About Scientific Industries

Scientific Industries, Inc engages in the design, manufacture, and marketing of benchtop laboratory equipment and bioprocessing systems in the United States, Germany, and internationally. It offers vortex mixers to mix the contents of test tubes, beakers, and other containers by placing such containers on a rotating cup or other attachments; and various mixers and shakers, such as high-speed touch mixers, mixers with an integral timer, cell disruptors, bead beaters, microplate mixers, vortex mixers, two large capacity multi-vessel vortex mixers, and orbital shakers.