Scientific Industries (OTCMKTS:SCND) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Scientific Industries Inc. (OTCMKTS:SCND) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.65 and traded as low as $0.5424. Scientific Industries shares last traded at $0.5956, with a volume of 9,400 shares trading hands.

Scientific Industries Stock Up 28.4%

The company has a market cap of $7.11 million, a PE ratio of -2.13 and a beta of 0.29. The business has a 50-day simple moving average of $0.65 and a 200-day simple moving average of $0.66.

Scientific Industries (OTCMKTS:SCND) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.14. Scientific Industries had a negative net margin of 19.29% and a negative return on equity of 54.47%. The company had revenue of $1.23 million during the quarter, compared to analyst estimates of $2.20 million.

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.