Scientific Industries (OTCMKTS:SCND) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Scientific Industries Inc. (OTCMKTS:SCND)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-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 changing hands.

Scientific Industries Stock Performance

The firm has a market capitalization of $7.11 million, a price-to-earnings ratio of -2.13 and a beta of 0.29. The company has a 50 day moving average price of $0.64 and a two-hundred day moving average price of $0.66.

Scientific Industries (OTCMKTS:SCND) last released its quarterly 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 firm had revenue of $1.23 million for the quarter, compared to analysts’ expectations 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.