Judges Scientific (LON:JDG) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Judges Scientific plc (LON:JDG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 4,831.04 and traded as low as GBX 4,550. Judges Scientific shares last traded at GBX 4,600, with a volume of 3,287 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set 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, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 6,490.

Judges Scientific Stock Performance

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 stock has a 50 day simple moving average of GBX 4,655.86 and a 200 day simple moving average of GBX 4,831.04. The company has a market capitalization of £306.36 million, a price-to-earnings ratio of 56.51, a P/E/G ratio of 0.56 and a beta of 0.73.

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

Insider Buying and Selling

In related news, insider Susan Nyman acquired 120 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of GBX 4,880 per share, for a total transaction of £5,856. 9.92% of the stock is currently owned by insiders.

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.