Judges Scientific (LON:JDG) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Judges Scientific plc (LON:JDG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9,772.16 ($122.97) and traded as low as GBX 8,575 ($107.90). Judges Scientific shares last traded at GBX 8,660 ($108.97), with a volume of 12,405 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JDG shares. Shore Capital restated a “house stock” rating on shares of Judges Scientific in a report on Thursday, September 19th. Jefferies Financial Group assumed coverage on shares of Judges Scientific in a research report on Tuesday, September 3rd. They set a “buy” rating and a £122.30 ($153.89) price objective on the stock. Finally, Berenberg Bank decreased their target price on Judges Scientific from £124 ($156.03) to £113.10 ($142.32) and set a “buy” rating for the company in a research report on Tuesday, November 19th.

Judges Scientific Trading Down 1.8 %

The business has a fifty day moving average of GBX 8,929.09 and a 200-day moving average of GBX 9,759.31. The company has a debt-to-equity ratio of 70.71, a quick ratio of 0.65 and a current ratio of 1.97. The company has a market capitalization of £564.40 million, a P/E ratio of 4,450.26, a PEG ratio of 0.56 and a beta of 0.83.

Insiders Place Their Bets

In other news, insider David Cicurel acquired 3 shares of Judges Scientific stock in a transaction on Monday, October 7th. The stock was acquired at an average cost of GBX 9,923 ($124.86) per share, with a total value of £297.69 ($374.59). Also, insider Bradley Leonard Ormsby sold 230 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 8,900 ($111.99), for a total value of £20,470 ($25,758.15). Over the last 90 days, insiders have acquired 6 shares of company stock worth $57,327. Insiders own 18.75% of the company’s stock.

About Judges Scientific

Judges Scientific plc designs, manufactures, and sells scientific instruments. The company offers engineering teaching and research equipment for universities, colleges, schools, and research centres; and research and development systems for food, beverage, dairy, edible oil, and pharmaceutical industries.