Judges Scientific (LON:JDG) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Judges Scientific plc (LON:JDG) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 4,364.32 and traded as low as GBX 3,550. Judges Scientific shares last traded at GBX 3,610, with a volume of 122,738 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on JDG. Shore Capital Group reiterated a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,600 price target on shares of Judges Scientific in a report on Wednesday, September 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Judges Scientific presently has a consensus rating of “Buy” and a consensus target price of GBX 6,490.

Judges Scientific Price Performance

The company has a debt-to-equity ratio of 76.68, a quick ratio of 0.65 and a current ratio of 2.62. The firm has a fifty day simple moving average of GBX 4,060.66 and a 200 day simple moving average of GBX 4,360.55. The company has a market capitalization of £240.60 million, a PE ratio of 44.37, a P/E/G ratio of 0.56 and a beta of 0.69.

Judges Scientific (LON:JDG) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 39 earnings per share (EPS) for the quarter. Judges Scientific had a negative return on equity of 0.72% and a negative net margin of 0.46%. Equities analysts anticipate that Judges Scientific plc will post 402.5824271 EPS for the current year.

Insider Transactions at Judges Scientific

In other Judges Scientific news, insider Ralph Elman acquired 122 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were purchased at an average cost of GBX 4,917 per share, for a total transaction of £5,998.74. Also, insider Bradley Leonard Ormsby acquired 63 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average cost of GBX 4,917 per share, for a total transaction of £3,097.71. Company insiders own 9.92% of the company’s stock.

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.