Judges Scientific (LON:JDG) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Judges Scientific plc (LON:JDG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,755.05 and traded as low as GBX 4,980. Judges Scientific shares last traded at GBX 5,000, with a volume of 27,222 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JDG. Jefferies Financial Group reissued a “buy” rating and issued a GBX 7,380 price target on shares of Judges Scientific in a research report on Tuesday, November 4th. Berenberg Bank cut their target price on Judges Scientific from GBX 7,900 to GBX 5,600 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of Judges Scientific in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 6,490.

Judges Scientific Stock Performance

The stock has a market capitalization of £333 million, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 70.79, a current ratio of 1.97 and a quick ratio of 0.65. The stock has a 50-day moving average of GBX 5,457.98 and a 200 day moving average of GBX 5,755.05.

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.