Judges Scientific (LON:JDG) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Judges Scientific plc (LON:JDG) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,663.48 and traded as high as GBX 4,780. Judges Scientific shares last traded at GBX 4,630, with a volume of 8,472 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JDG shares. Berenberg Bank reiterated a “buy” rating and set a GBX 5,600 price target on shares of Judges Scientific in a report on Thursday, July 23rd. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 6,490.

Judges Scientific Trading Down 1.3%

The business’s 50-day simple moving average is GBX 4,602.13 and its 200-day simple moving average is GBX 4,662.83. The company has a market cap of £304.41 million, a PE ratio of 56.14, a P/E/G ratio of 0.56 and a beta of 0.72. The company has a current ratio of 2.39, a quick ratio of 0.65 and a debt-to-equity ratio of 77.90.

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 cost of GBX 4,917 per share, for a total transaction of £5,998.74. Also, insider Susan Nyman acquired 120 shares of Judges Scientific stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average cost of GBX 4,880 per share, with a total value of £5,856. Over the last ninety days, insiders have purchased 305 shares of company stock valued at $1,495,245. 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.