Scientific Industries (OTCMKTS:SCND) Trading Down 3.8% – Here’s What Happened

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

Scientific Industries Price Performance

The firm has a 50-day moving average of $0.69 and a two-hundred day moving average of $0.66. The stock has a market capitalization of $8.04 million, a price-to-earnings ratio of -2.41 and a beta of 0.29.

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

About Scientific Industries

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.