Scientific Industries (OTCMKTS:SCND) Stock Price Down 11.9% – Should You Sell?

Shares of Scientific Industries Inc. (OTCMKTS:SCND) traded down 11.9% on Tuesday. The company traded as low as $0.6839 and last traded at $0.6839. 170 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 978 shares. The stock had previously closed at $0.7766.

Scientific Industries Price Performance

The stock has a market capitalization of $8.16 million, a PE ratio of -2.74 and a beta of 0.20. The company has a 50 day moving average price of $0.74 and a 200-day moving average price of $0.70.

Scientific Industries (OTCMKTS:SCND) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. The company had revenue of $1.47 million during the quarter, compared to analyst estimates of $2.20 million. Scientific Industries had a negative return on equity of 48.69% and a negative net margin of 12.92%.

About Scientific Industries

Scientific Industries, Inc develops, manufactures and markets equipment and systems used in laboratory, life science and bioprocessing applications. Its products are designed for research, pharmaceutical, biotechnology, academic and industrial laboratories.

The company is known for its Genie line of laboratory equipment, which includes mixers, shakers, rockers, vortexers and related instruments used to blend, agitate and process laboratory samples. Scientific Industries has also offered bioprocessing products, including systems and sensors intended to monitor and control processes used in cell culture and other biological manufacturing applications.

Scientific Industries serves customers through distributors and other sales channels in the United States and international markets.