Judges Scientific (LON:JDG) Releases Earnings Results

Judges Scientific (LON:JDG) issued its quarterly earnings data on Wednesday. The company reported GBX 39 earnings per share (EPS) 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 1.7%

Shares of JDG stock traded down GBX 65 during mid-day trading on Wednesday, hitting GBX 3,725. 62,341 shares of the company’s stock were exchanged, compared to its average volume of 19,604. Judges Scientific has a fifty-two week low of GBX 3,480 and a fifty-two week high of GBX 6,500. The stock has a 50-day simple moving average of GBX 4,191.54 and a two-hundred day simple moving average of GBX 4,384.42. The company has a quick ratio of 0.65, a current ratio of 2.39 and a debt-to-equity ratio of 77.90. The stock has a market cap of £248.12 million, a price-to-earnings ratio of 45.76, a PEG ratio of 0.56 and a beta of 0.69.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. Berenberg Bank reiterated a “buy” rating and set a GBX 5,600 price objective on shares of Judges Scientific in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 6,490.

Insider Buying and Selling at Judges Scientific

In other Judges Scientific news, insider Ralph Elman bought 122 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was purchased at an average cost of GBX 4,917 per share, for a total transaction of £5,998.74. Also, insider Bradley Leonard Ormsby bought 63 shares of Judges Scientific stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average price of GBX 4,917 per share, for a total transaction of £3,097.71. Corporate 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.