Judges Scientific (LON:JDG) Share Price Breaks Below 200 Day Moving Average – Here’s Why

Shares of Judges Scientific plc (LON:JDG – Get Free Report) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 4,384.42 and traded as low as GBX 3,750. Judges Scientific shares last traded at GBX 3,790, with a volume of 17,212 shares traded.

Key Stories Impacting Judges Scientific

Here are the key news stories impacting Judges Scientific this week:

Analyst Ratings Changes

Several brokerages have recently issued reports on JDG. Berenberg Bank restated a “buy” rating and set a GBX 5,600 price target on shares of Judges Scientific in a research note on Wednesday. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Judges Scientific currently has a consensus rating of “Buy” and a consensus price target of GBX 6,490.

Check Out Our Latest Analysis on JDG

Judges Scientific Price Performance

The firm’s 50 day moving average price is GBX 4,158.48 and its two-hundred day moving average price is GBX 4,376.57. The company has a debt-to-equity ratio of 77.90, a current ratio of 2.39 and a quick ratio of 0.65. The stock has a market cap of £246.46 million, a PE ratio of 45.45, a P/E/G ratio of 0.56 and a beta of 0.69.

Judges Scientific (LON:JDG – Get Free Report) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported GBX 39 EPS for the quarter. Judges Scientific had a net margin of 3.77% and a return on equity of 6.24%. On average, research analysts expect that Judges Scientific plc will post 402.5824271 earnings per share for the current year.

Insider Buying and Selling at Judges Scientific

In related news, insider Bradley Leonard Ormsby bought 63 shares of the company’s stock in a transaction on Friday, July 17th. The shares were purchased at an average price of GBX 4,917 per share, for a total transaction of £3,097.71. Also, insider Ralph Elman purchased 122 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was bought at an average cost of GBX 4,917 per share, with a total value of £5,998.74. Corporate insiders own 9.92% of the company’s stock.

Judges Scientific Company Profile

(Get Free Report)

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.

Further Reading

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