Scientific Industries (OTCMKTS:SCND) Trading 38.9% Higher – Time to Buy?

Scientific Industries Inc. (OTCMKTS:SCND)’s stock price shot up 38.9% during mid-day trading on Thursday . The company traded as high as $0.75 and last traded at $0.75. 4,375 shares traded hands during mid-day trading, an increase of 913% from the average session volume of 432 shares. The stock had previously closed at $0.54.

Scientific Industries Stock Up 38.9%

The company has a 50-day moving average of $0.69 and a 200 day moving average of $0.64. The stock has a market capitalization of $8.95 million, a PE ratio of -5.77 and a beta of 0.35.

About Scientific Industries

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.