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

Judges Scientific plc (LON:JDG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,947.14 and traded as low as GBX 4,500. Judges Scientific shares last traded at GBX 4,580, with a volume of 8,522 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,600 price target on shares of Judges Scientific in a research report on Tuesday, March 31st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Judges Scientific presently has a consensus rating of “Buy” and an average price target of GBX 6,490.

Judges Scientific Stock Performance

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 £296.37 million, a P/E ratio of 54.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.76. The business has a 50 day moving average of GBX 4,460.18 and a 200-day moving average of GBX 4,947.14.

Judges Scientific (LON:JDG) last released its quarterly earnings data on Tuesday, March 31st. The company reported GBX 275.30 earnings per share (EPS) for the quarter. Judges Scientific had a return on equity of 6.24% and a net margin of 3.77%.The company had revenue of £145.80 million for the quarter. On average, sell-side analysts predict that Judges Scientific plc will post 402.5824271 EPS for the current fiscal year.

Insider Activity

In related news, insider Susan Nyman acquired 120 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of GBX 4,880 per share, for a total transaction of £5,856. Insiders own 10.96% of the company’s stock.

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.