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

Judges Scientific plc (LON:JDG)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 8,771.59 ($113.46) and traded as low as GBX 6,800 ($87.96). Judges Scientific shares last traded at GBX 6,845 ($88.54), with a volume of 28,205 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on shares of Judges Scientific from £124 ($160.39) to £113.10 ($146.29) and set a “buy” rating on the stock in a report on Tuesday, November 19th.

Judges Scientific Stock Up 2.6 %

The stock’s 50-day moving average is GBX 7,590.61 and its 200-day moving average is GBX 8,746.80. The stock has a market cap of £459.56 million, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 70.79.

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 22 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.