Judges Scientific (LON:JDG) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Judges Scientific plc (LON:JDG)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 6,420.75 and traded as low as GBX 5,600. Judges Scientific shares last traded at GBX 5,760, with a volume of 2,472 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 7,380 price objective on shares of Judges Scientific in a research note on Tuesday, November 4th. Berenberg Bank reiterated a “buy” rating and issued a GBX 7,900 target price on shares of Judges Scientific in a report on Wednesday, November 26th. Finally, Shore Capital reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 7,640.

Judges Scientific Price Performance

The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 70.79. The company has a market capitalization of £384.43 million, a PE ratio of 35.46, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The stock’s 50-day moving average is GBX 5,488.75 and its two-hundred day moving average is GBX 6,420.75.

Insider Activity

In other Judges Scientific news, insider Lushani Kodituwakku purchased 387 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was purchased at an average cost of GBX 5,800 per share, with a total value of £22,446. Over the last three months, insiders purchased 1,776 shares of company stock worth $10,177,832. 10.86% of the stock is currently owned by company insiders.

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.