Judges Scientific (LON:JDG) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Judges Scientific plc (LON:JDG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,947.14 and traded as low as GBX 4,500. Judges Scientific shares last traded at GBX 4,580, with a volume of 8,522 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reissued 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 6,490.

Judges Scientific Stock Performance

The company has a 50-day simple moving average of GBX 4,460.18 and a two-hundred day simple moving average of GBX 4,947.14. 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 has a market cap of £296.37 million, a PE ratio of 54.67, a PEG ratio of 0.56 and a beta of 0.76.

Judges Scientific (LON:JDG) last issued its quarterly earnings results on Tuesday, March 31st. The company reported GBX 275.30 EPS 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 for the quarter. As a group, equities research analysts forecast that Judges Scientific plc will post 402.5824271 earnings per share for the current year.

Insider Activity at Judges Scientific

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