Judges Scientific (LON:JDG) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Judges Scientific plc (LON:JDG)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 6,996.54 ($93.31) and traded as low as GBX 5,800 ($77.35). Judges Scientific shares last traded at GBX 5,900 ($78.69), with a volume of 21,250 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Shore Capital reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, September 18th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 7,900 price objective on shares of Judges Scientific in a research note on Thursday, September 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Judges Scientific has a consensus rating of “Buy” and a consensus price target of GBX 7,900.

Judges Scientific Trading Down 1.7%

The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 70.79. The stock has a 50 day simple moving average of GBX 6,241.15 and a 200-day simple moving average of GBX 6,996.54. The firm has a market cap of £392.29 million, a P/E ratio of 36.20, a P/E/G ratio of 0.56 and a beta of 0.83.

Judges Scientific (LON:JDG) last released its quarterly earnings data on Thursday, September 18th. The company reported GBX 141.40 earnings per share (EPS) for the quarter. Judges Scientific had a return on equity of 17.56% and a net margin of 10.99%. On average, equities research analysts expect that Judges Scientific plc will post 402.5824271 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider David Cicurel bought 6 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of GBX 6,188 per share, with a total value of £371.28. Also, insider Lushani Kodituwakku bought 387 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were bought at an average cost of GBX 5,800 per share, for a total transaction of £22,446. Insiders have bought a total of 1,791 shares of company stock valued at $10,240,048 in the last quarter. 10.83% of the stock is currently owned by insiders.

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.