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

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 4,561.63 and traded as low as GBX 3,900. Judges Scientific shares last traded at GBX 3,900, with a volume of 13,772 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JDG shares. Shore Capital Group reiterated a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. Berenberg Bank restated a “buy” rating and issued a GBX 5,600 price objective on shares of Judges Scientific in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 6,490.

Judges Scientific Price Performance

The company has a debt-to-equity ratio of 77.90, a current ratio of 2.39 and a quick ratio of 0.65. The stock has a market cap of £262.98 million, a P/E ratio of 48.50, a P/E/G ratio of 0.56 and a beta of 0.71. The company’s 50 day simple moving average is GBX 4,563.19 and its 200 day simple moving average is GBX 4,552.95.

Insiders Place Their Bets

In other Judges Scientific news, insider Bradley Leonard Ormsby acquired 63 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average price of GBX 4,917 per share, with a total value of £3,097.71. Also, insider Ralph Elman bought 122 shares of Judges Scientific stock in a transaction on Friday, July 17th. The shares were acquired at an average price of GBX 4,917 per share, for a total transaction of £5,998.74. Company insiders own 9.92% of the company’s stock.

Judges Scientific Company Profile

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.