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

Judges Scientific plc (LON:JDG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,663.48 and traded as high as GBX 4,780. Judges Scientific shares last traded at GBX 4,630, with a volume of 8,472 shares traded.

Analysts Set New Price Targets

JDG has been the topic of several recent analyst reports. Shore Capital Group restated a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,600 target price on shares of Judges Scientific in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Judges Scientific currently has an average rating of “Buy” and a consensus price target of GBX 6,490.

Judges Scientific Price 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 firm’s fifty day moving average price is GBX 4,604.73 and its 200 day moving average price is GBX 4,663.48. The stock has a market cap of £304.14 million, a PE ratio of 56.09, a P/E/G ratio of 0.56 and a beta of 0.72.

Insider Buying and Selling at Judges Scientific

In related news, insider Ralph Elman purchased 122 shares of Judges Scientific stock in a transaction on Friday, July 17th. The shares were bought at an average cost of GBX 4,917 per share, for a total transaction of £5,998.74. Also, insider Susan Nyman purchased 120 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was bought at an average price of GBX 4,880 per share, for a total transaction of £5,856. In the last ninety days, insiders have purchased 305 shares of company stock worth $1,495,245. 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.