Judges Scientific (LON:JDG) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Judges Scientific shares have fallen below their 200-day moving average of GBX 7,146.31, trading as low as GBX 6,220.
• Despite the decline, analysts from Berenberg Bank and Shore Capital have maintained a buy rating for the stock, with a consensus price target of GBX 7,900.
• Insider trading activity is notable, with recent acquisitions totaling 546 shares by corporate insiders, signaling confidence in the company.

Judges Scientific plc (LON:JDG - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 7,146.31 ($96.34) and traded as low as GBX 6,220 ($83.85). Judges Scientific shares last traded at GBX 6,240 ($84.12), with a volume of 8,726 shares.

Wall Street Analyst Weigh In

JDG has been the topic of several research reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 7,900 price target on shares of Judges Scientific in a report on Thursday, September 11th. Shore Capital reaffirmed a "house stock" rating on shares of Judges Scientific in a report on Thursday, September 18th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 7,900.

Judges Scientific Price Performance

The stock has a market capitalization of £414.90 million, a P/E ratio of 3,828.22, a PEG ratio of 0.56 and a beta of 0.83. The stock's fifty day moving average is GBX 6,270.96 and its 200-day moving average is GBX 7,146.31. The company has a debt-to-equity ratio of 70.79, a current ratio of 1.97 and a quick ratio of 0.65.

Judges Scientific (LON:JDG - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The company reported GBX 141.40 earnings per share (EPS) for the quarter. Judges Scientific had a net margin of 10.99% and a return on equity of 17.56%. On average, equities analysts anticipate that Judges Scientific plc will post 402.5824271 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Charles Holroyd purchased 524 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was bought at an average cost of GBX 6,675 per share, for a total transaction of £34,977. Also, insider David Cicurel purchased 6 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of GBX 6,188 per share, with a total value of £371.28. Over the last three months, insiders acquired 546 shares of company stock worth $3,600,476. Corporate insiders own 10.83% 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.

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