Judges Scientific (LON:JDG) Releases Quarterly Earnings Results

Judges Scientific (LON:JDG) posted its earnings results on Wednesday. The company reported GBX 39 earnings per share for the quarter, Digital Look Earnings reports. Judges Scientific had a return on equity of 6.24% and a net margin of 3.77%.

Judges Scientific Price Performance

JDG stock traded down GBX 60 during midday trading on Wednesday, reaching GBX 3,730. The company had a trading volume of 66,821 shares, compared to its average volume of 19,629. The firm has a 50-day moving average price of GBX 4,191.54 and a 200-day moving average price of GBX 4,384.42. The company has a market capitalization of £248.46 million, a P/E ratio of 45.82, a P/E/G ratio of 0.56 and a beta of 0.69. Judges Scientific has a 1 year low of GBX 3,480 and a 1 year high of GBX 6,500. The company has a debt-to-equity ratio of 77.90, a current ratio of 2.39 and a quick ratio of 0.65.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,600 price objective on shares of Judges Scientific in a report on Wednesday. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Judges Scientific currently has an average rating of “Buy” and a consensus target price of GBX 6,490.

Insider Buying and Selling at Judges Scientific

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