John A. Moore, who serves as chairman of Scientific Industries INC (NASDAQ:SCND), reported an open-market purchase of 9,000 shares of the company's common stock on March 23, 2026. The shares were acquired at $0.58 apiece, resulting in a reported transaction value of $5,220.
The purchase occurred in the context of recent price pressure on SCND shares - the stock has declined 22% over the past week. InvestingPro analysis cited in company disclosures suggests that, at current levels, the stock appears undervalued. The same InvestingPro commentary highlights that Scientific Industries has a market capitalization of $6.92 million and that the company carries more cash than debt on its balance sheet.
Following the March 23 transaction, Moore directly owns 926,871 shares of Scientific Industries INC. For investors seeking additional data and interpretation, InvestingPro provides nine additional exclusive tips and a comprehensive Pro Research Report that examines SCND's financial position and growth prospects.
In separate corporate developments, Scientific Industries has named Carr, Riggs & Ingram, LLC (CRI) as its independent registered public accounting firm. That change follows CRI's acquisition of certain assets from the capital markets practice of the company’s previous auditor, Berkowitz Pollack Brant Advisors + CPAs, LLP (BPB), effective January 1, 2026.
The appointment of CRI was approved by the Audit Committee of Scientific Industries’ Board of Directors on January 14, 2026. BPB had been serving as the company’s independent auditor since August 22, 2025, but did not issue any reports on the company’s interim or annual consolidated financial statements during their tenure.
These moves - the insider purchase and the change in auditing arrangements - have been disclosed by the company as part of routine reporting on insider activity and corporate governance. The filings note the transaction details and the timeline for the auditor transition, but do not include additional commentary on future operational or financial impacts.
Summary
John A. Moore added 9,000 SCND shares on March 23, 2026 at $0.58 per share for $5,220. The purchase follows a 22% drop in the stock over the prior week. InvestingPro commentary points to potential undervaluation and a cash-rich balance sheet relative to debt. Separately, Scientific Industries appointed CRI as its independent registered public accounting firm after CRI acquired assets from BPB's capital markets practice, with the Audit Committee approving the appointment on January 14, 2026.
Key points
- Insider purchase: Chairman John A. Moore bought 9,000 shares on March 23, 2026 at $0.58 per share, totaling $5,220.
- Valuation and balance sheet: InvestingPro analysis suggests SCND may be undervalued; SCND has a market cap of $6.92 million and reportedly holds more cash than debt.
- Audit firm change: Carr, Riggs & Ingram, LLC was appointed as the new independent registered public accounting firm after acquiring certain assets from BPB's capital markets practice, effective January 1, 2026; the Audit Committee approved the appointment on January 14, 2026.
Risks and uncertainties
- Share-price volatility: The company experienced a 22% decline in its share price over the week prior to the insider purchase, highlighting short-term market volatility affecting investors and small-cap stocks.
- Audit transition: The change in independent auditors and the acquisition of assets from BPB by CRI reflect alterations in the company’s financial oversight; BPB had served as auditor since August 22, 2025 but did not issue any interim or annual consolidated financial statement reports during its tenure.
The publicly disclosed items report transaction specifics and governance actions; they do not provide forward-looking commentary or additional operational details beyond the facts presented in the filings and InvestingPro notes.