Judges Scientific (LON:JDG) Posts Quarterly Earnings Results

Judges Scientific (LON:JDG) posted its quarterly earnings results on Wednesday. The company reported GBX 39 earnings per share for the quarter, Digital Look Earnings reports. Judges Scientific had a return on equity of 6.24% and a net margin of 3.77%.

Judges Scientific Trading Down 1.4%

JDG stock opened at GBX 3,737 on Wednesday. The company has a debt-to-equity ratio of 77.90, a quick ratio of 0.65 and a current ratio of 2.39. The company has a market capitalization of £248.92 million, a PE ratio of 45.91, a price-to-earnings-growth ratio of 0.56 and a beta of 0.69. Judges Scientific has a 52 week low of GBX 3,480 and a 52 week high of GBX 6,500. The company’s 50-day simple moving average is GBX 4,191.54 and its 200 day simple moving average is GBX 4,384.42.

Insider Buying and Selling

In other Judges Scientific news, insider Bradley Leonard Ormsby purchased 63 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was bought at an average cost 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 that occurred on Friday, July 17th. The stock was bought at an average price of GBX 4,917 per share, with a total value of £5,998.74. Corporate insiders own 9.92% of the company’s stock.

Wall Street Analysts Forecast Growth

JDG has been the topic of a number of research analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Judges Scientific in a report on Thursday, July 23rd. Berenberg Bank reiterated a “buy” rating and set a GBX 5,600 price target on shares of Judges Scientific in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 6,490.

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.