Scientific Industries (OTCMKTS:SCND) Trading Up 9.5% – What’s Next?

Scientific Industries Inc. (OTCMKTS:SCND)’s stock price traded up 9.5% during mid-day trading on Tuesday . The company traded as high as $0.8759 and last traded at $0.8759. 300 shares traded hands during trading, a decline of 85% from the average daily volume of 1,974 shares. The stock had previously closed at $0.80.

Scientific Industries Price Performance

The firm has a market capitalization of $10.45 million, a PE ratio of -3.50 and a beta of 0.35. The company has a fifty day moving average of $0.68 and a 200-day moving average of $0.70.

Scientific Industries (OTCMKTS:SCND) last issued its earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.17. The company had revenue of $1.47 million for 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 (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.