Judges Scientific (LON:JDG) Shares Pass Below 200-Day Moving Average – Time to Sell?

Judges Scientific plc (LON:JDG)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,043.18 and traded as low as GBX 4,600. Judges Scientific shares last traded at GBX 4,730, with a volume of 28,610 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JDG shares. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, January 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 5,600 price target on shares of Judges Scientific in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 6,490.

Judges Scientific Stock Performance

The company has a current ratio of 2.39, a quick ratio of 0.65 and a debt-to-equity ratio of 77.90. The firm has a market capitalization of £313.69 million, a price-to-earnings ratio of 57.86, a price-to-earnings-growth ratio of 0.56 and a beta of 0.71. The company has a 50-day moving average of GBX 4,337.05 and a 200-day moving average of GBX 5,043.18.

Judges Scientific (LON:JDG) last posted its quarterly earnings results on Tuesday, March 31st. The company reported GBX 275.30 earnings per share (EPS) for the quarter. The business had revenue of £145.80 million for the quarter. Judges Scientific had a return on equity of 6.24% and a net margin of 3.77%. On average, equities research analysts forecast that Judges Scientific plc will post 402.5824271 earnings per share for the current fiscal year.

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.