Scientific Industries (OTCMKTS:SCND) Trading Up 7.7% – Time to Buy?

by · The Markets Daily

Scientific Industries Inc. (OTCMKTS:SCND – Get Free Report) traded up 7.7% on Wednesday . The stock traded as high as $0.5625 and last traded at $0.56. 4,000 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 11,102 shares. The stock had previously closed at $0.52.

Scientific Industries Trading Up 7.7%

The stock has a market capitalization of $6.68 million, a price-to-earnings ratio of -4.31 and a beta of 0.42. The firm has a 50-day moving average of $0.63 and a 200 day moving average of $0.66.

Scientific Industries (OTCMKTS:SCND – Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($0.02) earnings per share for the quarter. Scientific Industries had a negative net margin of 13.83% and a negative return on equity of 57.96%. The firm had revenue of $1.40 million for the quarter.

Scientific Industries Company Profile

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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.

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