Judges Scientific (LON:JDG) Shares Pass Below 200-Day Moving Average – Here’s Why

Judges Scientific plc (LON:JDG)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,909.80 and traded as low as GBX 4,160. Judges Scientific shares last traded at GBX 4,235, with a volume of 7,075 shares trading hands.

Analyst Ratings Changes

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

Judges Scientific Stock Down 0.7%

The company has a market cap of £281.05 million, a price-to-earnings ratio of 51.84, a P/E/G ratio of 0.56 and a beta of 0.76. The company has a debt-to-equity ratio of 77.90, a current ratio of 2.39 and a quick ratio of 0.65. The firm has a 50-day moving average price of GBX 4,526.64 and a 200 day moving average price of GBX 4,900.15.

Judges Scientific (LON:JDG) last released its quarterly 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 business had revenue of £145.80 million during the quarter. Sell-side analysts predict that Judges Scientific plc will post 402.5824271 EPS for the current year.

Insider Activity

In other Judges Scientific news, insider Susan Nyman purchased 120 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average cost of GBX 4,880 per share, for a total transaction of £5,856. Insiders own 10.96% 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.