Scientific Industries (OTCMKTS:SCND) Shares Cross Below Fifty Day Moving Average – Here’s Why

Scientific Industries Inc. (OTCMKTS:SCND) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.65 and traded as low as $0.5424. Scientific Industries shares last traded at $0.5956, with a volume of 9,400 shares traded.

Scientific Industries Trading Up 28.4%

The company has a market cap of $7.11 million, a price-to-earnings ratio of -2.13 and a beta of 0.29. The stock’s fifty day simple moving average is $0.65 and its 200 day simple moving average is $0.66.

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

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.