Scientific Industries Inc. (OTCMKTS:SCND – Get Free Report)’s share price was down 12.3% during trading on Thursday. The company traded as low as $0.60 and last traded at $0.60. 10,000 shares changed 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 Stock Down 12.3%
The company has a market cap of $7.16 million, a P/E ratio of -2.40 and a beta of 0.18. The firm has a fifty day moving average price of $0.74 and a 200 day moving average price of $0.69.
Scientific Industries (OTCMKTS:SCND – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.17. The business had revenue of $1.47 million during the quarter, compared to analysts’ expectations of $2.20 million. Scientific Industries had a negative return on equity of 48.69% and a negative net margin of 12.92%.
Scientific Industries Company Profile
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.
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