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

Judges Scientific plc (LON:JDG)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 6,420.75 and traded as low as GBX 5,600. Judges Scientific shares last traded at GBX 5,760, with a volume of 2,472 shares traded.

Wall Street Analyst Weigh In

Several research firms have weighed in on JDG. Shore Capital restated a “house stock” rating on shares of Judges Scientific in a research note on Thursday, September 18th. Berenberg Bank reiterated a “buy” rating and set a GBX 7,900 price objective on shares of Judges Scientific in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 7,380 target price on shares of Judges Scientific in a research report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 7,640.

Judges Scientific Trading Up 0.3%

The firm has a market cap of £384.43 million, a P/E ratio of 35.46, a P/E/G ratio of 0.56 and a beta of 0.83. The stock has a 50 day simple moving average of GBX 5,488.75 and a 200-day simple moving average of GBX 6,420.75. The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 70.79.

Insiders Place Their Bets

In other Judges Scientific news, insider Lushani Kodituwakku purchased 387 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The shares were bought at an average price of GBX 5,800 per share, with a total value of £22,446. Insiders have acquired a total of 1,776 shares of company stock valued at $10,177,832 in the last quarter. Insiders own 10.86% 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.