Judges Scientific (LON:JDG) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Judges Scientific plc (LON:JDG) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 4,686.57 and traded as high as GBX 4,800. Judges Scientific shares last traded at GBX 4,512.99, with a volume of 21,187 shares trading hands.

Analysts Set New Price Targets

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

Judges Scientific Price Performance

The stock has a 50 day moving average of GBX 4,686.57 and a 200-day moving average of GBX 4,752.11. The company has a current ratio of 2.39, a quick ratio of 0.65 and a debt-to-equity ratio of 77.90. The stock has a market capitalization of £300.61 million, a P/E ratio of 55.44, a price-to-earnings-growth ratio of 0.56 and a beta of 0.72.

Insider Buying and Selling at Judges Scientific

In other Judges Scientific news, insider Susan Nyman bought 120 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of GBX 4,880 per share, for a total transaction of £5,856. Company insiders own 9.92% of the company’s stock.

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.