Judges Scientific (LON:JDG) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Judges Scientific plc (LON:JDG) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 4,342.05 and traded as low as GBX 3,550. Judges Scientific shares last traded at GBX 3,550, with a volume of 9,376 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Shore Capital Group reiterated a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. Berenberg Bank reissued a “buy” rating and issued a GBX 5,600 price target on shares of Judges Scientific in a research report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target 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 company’s 50 day moving average price is GBX 3,870.87 and its 200 day moving average price is GBX 4,335.01. The company has a market cap of £235.13 million, a price-to-earnings ratio of -383.70, a P/E/G ratio of 0.56 and a beta of 0.74.

Judges Scientific (LON:JDG) last announced its earnings results on Wednesday, September 23rd. The company reported GBX 39 earnings per share (EPS) for the quarter. Judges Scientific had a negative net margin of 0.46% and a negative return on equity of 0.72%. On average, equities research analysts predict that Judges Scientific plc will post 402.58 earnings per share for the current fiscal year.

Insider Activity

In other Judges Scientific news, insider Ralph Elman bought 122 shares of Judges Scientific stock in a transaction dated Friday, July 17th. The shares were acquired at an average cost of GBX 4,917 per share, with a total value of £5,998.74. Also, insider Tim Prestidge bought 8 shares of Judges Scientific stock in a transaction dated Monday, October 5th. The stock was acquired at an average cost of GBX 3,608 per share, for a total transaction of £288.64. Over the last 90 days, insiders bought 201 shares of company stock worth $967,373. Insiders own 9.92% of the company’s stock.

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.