Scientific Industries (OTCMKTS:SCND) Shares Down 11.9% – What’s Next?

Scientific Industries Inc. (OTCMKTS:SCND)’s stock price fell 11.9% on Tuesday. The company traded as low as $0.6839 and last traded at $0.6839. 170 shares traded hands during trading, a decline of 83% from the average daily volume of 978 shares. The stock had previously closed at $0.7766.

Scientific Industries Price Performance

The firm’s 50 day moving average is $0.74 and its 200 day moving average is $0.70. The company has a market capitalization of $8.16 million, a PE ratio of -2.74 and a beta of 0.20.

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

About Scientific Industries

Scientific Industries, Inc develops, manufactures and markets equipment and systems used in laboratory, life science and bioprocessing applications. Its products are designed for research, pharmaceutical, biotechnology, academic and industrial laboratories.

The company is known for its Genie line of laboratory equipment, which includes mixers, shakers, rockers, vortexers and related instruments used to blend, agitate and process laboratory samples. Scientific Industries has also offered bioprocessing products, including systems and sensors intended to monitor and control processes used in cell culture and other biological manufacturing applications.

Scientific Industries serves customers through distributors and other sales channels in the United States and international markets.