Scientific Industries (OTCMKTS:SCND) Stock Price Down 11.9% – Should You Sell?

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

Scientific Industries Stock Performance

The stock’s 50 day simple moving average is $0.75 and its 200 day simple moving average is $0.70. The firm has a market capitalization of $8.16 million, a P/E ratio of -2.74 and a beta of 0.20.

Scientific Industries (OTCMKTS:SCND) last posted its earnings results on Thursday, August 13th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates 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 company 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 laboratory equipment used in life science, pharmaceutical, biotechnology and industrial research applications. Its products are designed to support routine laboratory processes such as mixing, stirring, homogenizing, shaking and sample preparation.

The company is known for its Genie line of benchtop laboratory instruments, which includes vortex mixers, magnetic stirrers, orbital shakers and homogenizers. Its equipment is used by research institutions, universities, pharmaceutical companies, biotechnology firms and other laboratory customers.

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