Judges Scientific (LON:JDG) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Judges Scientific plc (LON:JDG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,515.07 and traded as low as GBX 3,900. Judges Scientific shares last traded at GBX 4,050, with a volume of 18,552 shares trading hands.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,600 price objective on shares of Judges Scientific in a research note on Thursday, July 23rd. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a report on Thursday, July 23rd. Two 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 a consensus price target of GBX 6,490.

Judges Scientific Price Performance

The company has a fifty day simple moving average of GBX 4,473.19 and a two-hundred day simple moving average of GBX 4,508.18. The stock has a market capitalization of £267.11 million, a price-to-earnings ratio of 49.26, a PEG ratio of 0.56 and a beta of 0.71. The company has a debt-to-equity ratio of 77.90, a quick ratio of 0.65 and a current ratio of 2.39.

Insider Transactions at Judges Scientific

In other news, insider Ralph Elman acquired 122 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was acquired at an average price of GBX 4,917 per share, with a total value of £5,998.74. Also, insider Bradley Leonard Ormsby acquired 63 shares of Judges Scientific 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. 9.92% of the stock is owned by insiders.

About Judges Scientific

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.