Judges Scientific (LON:JDG) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Judges Scientific plc (LON:JDG) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,890.62 and traded as low as GBX 4,420. Judges Scientific shares last traded at GBX 4,500, with a volume of 26,377 shares traded.

Analyst Upgrades and Downgrades

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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Judges Scientific presently has an average rating of “Buy” and a consensus target price of GBX 6,490.

Judges Scientific Stock Performance

The company has a fifty day moving average of GBX 4,550.38 and a two-hundred day moving average of GBX 4,890.62. 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 £299.70 million, a price-to-earnings ratio of 55.28, a price-to-earnings-growth ratio of 0.56 and a beta of 0.74.

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

Insider Buying and Selling

In other Judges Scientific news, insider Susan Nyman purchased 120 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of GBX 4,880 per share, with a total value of £5,856. 9.92% of the stock is currently owned by corporate 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.