Judges Scientific (LON:JDG) Releases Quarterly Earnings Results

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

Judges Scientific Stock Performance

JDG traded down GBX 85 during trading on Wednesday, reaching GBX 3,705. 66,964 shares of the company’s stock were exchanged, compared to its average volume of 19,629. 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. The company’s fifty day simple moving average is GBX 4,191.54 and its 200-day simple moving average is GBX 4,384.42. The stock has a market capitalization of £246.79 million, a P/E ratio of 45.52, a price-to-earnings-growth ratio of 0.56 and a beta of 0.69.

Insider Activity at Judges Scientific

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

Analyst Upgrades and Downgrades

JDG has been the topic of several research reports. Shore Capital Group restated a “house stock” rating on shares of Judges Scientific in a research note on Thursday, July 23rd. Berenberg Bank reiterated a “buy” rating and set a GBX 5,600 target price on shares of Judges Scientific in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 6,490.

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.