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

Shares of Judges Scientific plc (LON:JDG) passed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 5,600 price target on shares of Judges Scientific in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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 company has a market cap of £317.99 million, a PE ratio of 58.66, a P/E/G ratio of 0.56 and a beta of 0.73. The stock has a 50-day simple moving average of GBX 4,667.95 and a 200 day simple moving average of GBX 4,816.99.

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. The business 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%. Equities analysts expect that Judges Scientific plc will post 402.5824271 EPS for the current year.

Insiders Place Their Bets

In other news, insider Susan Nyman bought 120 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were bought at an average price of GBX 4,880 per share, with a total value of £5,856. Company 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.