Judges Scientific (LON:JDG) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Judges Scientific plc (LON:JDG) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,909.80 and traded as low as GBX 4,160. Judges Scientific shares last traded at GBX 4,235, with a volume of 7,075 shares traded.

Wall Street Analyst Weigh In

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

Judges Scientific Trading Down 2.6%

The firm’s 50-day moving average price is GBX 4,527 and its 200-day moving average price is GBX 4,909.80. 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 company has a market cap of £282.05 million, a P/E ratio of 52.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.76.

Judges Scientific (LON:JDG) last posted its quarterly earnings results on Tuesday, March 31st. The company reported GBX 275.30 earnings per share (EPS) for the quarter. Judges Scientific had a net margin of 3.77% and a return on equity of 6.24%. The company had revenue of £145.80 million for the quarter. As a group, equities research analysts expect that Judges Scientific plc will post 402.5824271 earnings per share for the current fiscal year.

Insider Activity

In other Judges Scientific news, insider Susan Nyman purchased 120 shares of the stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of GBX 4,880 per share, with a total value of £5,856. 10.96% 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.