Scientific Industries (OTCMKTS:SCND) Trading Down 3.8% – What’s Next?

Scientific Industries Inc. (OTCMKTS:SCND) was down 3.8% during mid-day trading on Monday . The stock traded as low as $0.6736 and last traded at $0.6736. Approximately 330 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 2,488 shares. The stock had previously closed at $0.70.

Scientific Industries Stock Performance

The stock has a 50 day moving average of $0.69 and a 200 day moving average of $0.66. The stock has a market capitalization of $8.04 million, a P/E ratio of -2.41 and a beta of 0.29.

Scientific Industries (OTCMKTS:SCND) last posted its earnings results on Friday, May 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.14. The company had revenue of $1.23 million for the quarter, compared to analysts’ expectations of $2.20 million. Scientific Industries had a negative return on equity of 54.47% and a negative net margin of 19.29%.

Scientific Industries Company Profile

Scientific Industries, Inc (OTCMKTS:SCND) is a manufacturer and distributor of laboratory equipment and life science research tools. The company specializes in the design, development and production of sample mixing and handling instruments, including vortex mixers, tube shakers, decappers and digital homogenizers. These products are employed across a range of settings such as academic research laboratories, pharmaceutical and biotechnology firms, clinical diagnostic centers and industrial quality-control facilities.

Since its inception in the mid-20th century, Scientific Industries has focused on durability, precision and user-friendly design in its portfolio.