Judges Scientific (LON:JDG) Shares Pass Above 200-Day Moving Average – What’s Next?

Judges Scientific plc (LON:JDG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,883.97 and traded as high as GBX 4,900. Judges Scientific shares last traded at GBX 4,600, with a volume of 2,361 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 5,600 target price on shares of Judges Scientific in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 6,490.

Judges Scientific Trading Down 3.9%

The firm has a market capitalization of £306.36 million, a PE ratio of 56.51, a price-to-earnings-growth ratio of 0.56 and a beta of 0.73. The company’s 50-day simple moving average is GBX 4,615.58 and its 200 day simple moving average is GBX 4,883.97. The company has a quick ratio of 0.65, a current ratio of 2.39 and a debt-to-equity ratio of 77.90.

Judges Scientific (LON:JDG) last issued its quarterly earnings data on Tuesday, March 31st. The company reported GBX 275.30 earnings per share (EPS) for the quarter. Judges Scientific had a net margin of 3.77% and a return on equity of 6.24%. The firm had revenue of £145.80 million for the quarter. As a group, sell-side analysts expect that Judges Scientific plc will post 402.5824271 EPS for the current year.

Insider Buying and Selling

In other news, insider Susan Nyman bought 120 shares of the stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of GBX 4,880 per share, for a total transaction of £5,856. 9.92% of the stock is owned by insiders.

Judges Scientific Company Profile

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and developing companies in the scientific instrument sector. The Group now consists of 23 businesses acquired since 2005.

The acquired companies are primarily UK-based with products sold worldwide to a diverse range of markets including: higher education institutions, scientific research facilities, manufacturers and regulatory authorities. The UK is a recognised centre of excellence for scientific instruments. The Group has received five Queen’s Awards for innovation and export.

The Group’s companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.

Judges Scientific maintains a policy of selectively acquiring businesses that generate sustainable profits and cash.