Judges Scientific (LON:JDG) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Judges Scientific plc (LON:JDG) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 6,312.15 and traded as low as GBX 5,700.80. Judges Scientific shares last traded at GBX 5,720, with a volume of 5,773 shares.

Analyst Ratings Changes

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

Judges Scientific Stock Performance

The business’s fifty day moving average price is GBX 5,469.10 and its two-hundred day moving average price is GBX 6,312.15. The company has a debt-to-equity ratio of 70.79, a quick ratio of 0.65 and a current ratio of 1.97. The stock has a market capitalization of £382.30 million, a P/E ratio of 35.26, a P/E/G ratio of 0.56 and a beta of 0.83.

Insiders Place Their Bets

In related news, insider Lushani Kodituwakku acquired 387 shares of the firm’s stock in a transaction on Friday, October 17th. The shares were acquired at an average cost of GBX 5,800 per share, for a total transaction of £22,446. Insiders purchased 1,773 shares of company stock worth $10,158,977 over the last quarter. Insiders own 10.86% 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.