Scientific Industries (OTCMKTS:SCND) Shares Up 9.5% – Still a Buy?

Scientific Industries Inc. (OTCMKTS:SCND) shot up 9.5% on Tuesday . The company traded as high as $0.8759 and last traded at $0.8759. Approximately 300 shares were traded during trading, a decline of 85% from the average session volume of 1,974 shares. The stock had previously closed at $0.80.

Scientific Industries Stock Performance

The firm has a 50 day moving average price of $0.68 and a two-hundred day moving average price of $0.69. The company has a market capitalization of $10.45 million, a P/E ratio of -3.50 and a beta of 0.35.

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