Life science tool-providing company Scientific Industries Inc was in the news this past Friday and before the beginning of another trading week, it could be a good time for investors to take a look into it.
Trading Data
On Friday, SCND stock soared 1% to $5.66 with more than 200 shares, compared to its average volume of 1.18K shares. The stock moved within a range of $5.60 – 5.66 after opening trading at $5.60.
Scientific Industries Announces Research Collaboration Incorporating DOTS(TM), The New Sensor Platform to Digitally Simplify Bioprocessing
The company announced that Scientific Bioprocessing Inc (OTCMKTS:SCND), its fully owned subsidiary unit, had gone into a research agreement with the University of Minnesota, Valerian Materials, and the National Corn-to-Ethanol Research Center (NCERC). As per the terms of the agreement, the research is going to focus on incorporating the innovative DOTS software platform from Scientific Bioprocessing for the purpose of advancing digitally simplified bioprocessing.
In this regard, it is important for investors to have a better idea about the DOTS software platform. It is a platform that brings about an integration of acutators and a network of sensors with powerful software for the purpose of monitoring Critical Process Parameters. The monitoring is done in real-time and continuously. The research project in question was part of as many as nine projects that had been announced by BioMADE at the Summit on the National Biotechnology and Biomanufacturing Initiative that was hosted by the White House. It may be a good time to keep an eye on the Scientific Industries stock this week.
Key Quote
John Moore, Chairman of Scientific Industries and SBI said, “There is an important movement underway to decarbonize our economy and Scientific Bioprocessing is developing critical fundamental tools on the DOTS platform to enable this new bioeconomy. We are so excited to be a part of this important BioMADE project and to be collaborating with these new highly respected partners. The success and transparency of this project will be an important reference for other customers. DOTS is gaining awareness and market traction.”
Technical Data
SCND stock is trading below the 20-Day and 50-Day Moving averages of $5.84 and $5.74 respectively. Moreover, the stock is trading below the 200-Day moving average of $5.95. The company has a total market capitalization of $40 million.
