Scientific Industries (OTCMKTS:SCND) Shares Down 12.3% – Should You Sell?

Shares of Scientific Industries Inc. (OTCMKTS:SCND) were down 12.3% on Thursday. The stock traded as low as $0.60 and last traded at $0.60. Approximately 10,000 shares traded hands during mid-day trading, an increase of 265% from the average session volume of 2,740 shares. The stock had previously closed at $0.6839.

Scientific Industries Trading Down 12.3%

The firm has a fifty day simple moving average of $0.74 and a 200-day simple moving average of $0.69. The stock has a market cap of $7.16 million, a price-to-earnings ratio of -2.40 and a beta of 0.18.

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

About Scientific Industries

Scientific Industries, Inc develops, manufactures and markets laboratory equipment and bioprocessing products for research, academic, pharmaceutical, biotechnology and industrial laboratories. Its laboratory equipment business operates primarily under the Genie brand.

The company’s products include vortex mixers, shakers, magnetic stirrers, homogenizers, orbital and reciprocating mixers, and related laboratory instruments. These products are used for applications such as sample preparation, cell culture, mixing, agitation and other routine laboratory processes.

Scientific Industries also offers bioprocessing equipment and systems designed to support cell culture and other laboratory-scale biological manufacturing applications.