Scientific Industries (OTCMKTS:SCND) Trading Up 9.5% – Still a Buy?

Shares of Scientific Industries Inc. (OTCMKTS:SCND) rose 9.5% on Tuesday . The company traded as high as $0.8759 and last traded at $0.8759. Approximately 300 shares traded hands during trading, a decline of 85% from the average session volume of 1,974 shares. The stock had previously closed at $0.80.

Scientific Industries Trading Up 9.5%

The stock has a market cap of $10.45 million, a price-to-earnings ratio of -3.50 and a beta of 0.35. The firm has a fifty day simple moving average of $0.68 and a 200 day simple moving average of $0.69.

Scientific Industries (OTCMKTS:SCND) last issued its earnings results on Thursday, August 13th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.17. Scientific Industries had a negative return on equity of 48.69% and a negative net margin of 12.92%.The firm had revenue of $1.47 million during the quarter, compared to analysts’ expectations of $2.20 million.

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.