SCI Engineered Materials (OTCMKTS:SCIA) Shares Down 1% – Here’s Why

SCI Engineered Materials Inc. (OTCMKTS:SCIA)’s share price dropped 1% on Friday . The company traded as low as $5.56 and last traded at $5.56. Approximately 1,217 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 2,513 shares. The stock had previously closed at $5.6145.

SCI Engineered Materials Stock Performance

The firm’s 50-day simple moving average is $5.17 and its 200 day simple moving average is $4.54. The stock has a market capitalization of $25.46 million, a P/E ratio of 15.89 and a beta of 0.90.

SCI Engineered Materials (OTCMKTS:SCIA) last released its earnings results on Friday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter. SCI Engineered Materials had a return on equity of 11.99% and a net margin of 9.25%.The business had revenue of $5.29 million for the quarter.

About SCI Engineered Materials

SCI Engineered Materials, Inc engages in the manufacture and supply of materials for physical vapor deposition thin film applications in the United States. It offers ceramic targets, metal sputtering targets, and backing plates for use in semiconductors, thin film solar, flat panel displays, defense, aerospace, and photonics industries. The company’s materials are used to produce nano layers of metals and oxides for advanced material systems; and in applying decorative coatings for end uses, such as sink faucets to produce various electronic, photonic, and semiconductor products.