Scientific Industries (OTCMKTS:SCND) Trading Up 7.7% – What’s Next?

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

Scientific Industries Stock Performance

The company has a market cap of $6.68 million, a PE ratio of -4.31 and a beta of 0.42. The stock has a 50 day moving average of $0.63 and a 200-day moving average of $0.66.

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

Scientific Industries Company Profile

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.