Scientific Industries (OTCMKTS:SCND) Stock Price Down 0.5% – Here’s Why

Scientific Industries Inc. (OTCMKTS:SCND) fell 0.5% on Wednesday . The company traded as low as $0.52 and last traded at $0.52. 4,000 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 5,470 shares. The stock had previously closed at $0.5226.

Scientific Industries Price Performance

The stock has a market cap of $6.20 million, a P/E ratio of -4.00 and a beta of 0.42. The business’s 50 day simple moving average is $0.59 and its 200 day simple moving average is $0.65.

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

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.