Judges Scientific (LON:JDG) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Judges Scientific plc's stock price has fallen below its 200-day moving average, trading at GBX 6,100 ($82.53) compared to a moving average of GBX 7,442.59 ($100.70).
• Analysts from Berenberg Bank have cut their price target for the company's shares from £106 ($143.42) to GBX 7,900 ($106.89), while maintaining a "buy" rating.
• Insiders have recently purchased a total of 542 shares of Judges Scientific, indicating potential confidence in the company's future prospects.

Judges Scientific plc (LON:JDG - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7,442.59 ($100.53) and traded as low as GBX 5,900 ($79.70). Judges Scientific shares last traded at GBX 6,100 ($82.40), with a volume of 33,379 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on JDG. Berenberg Bank dropped their target price on Judges Scientific from £106 to GBX 7,900 and set a "buy" rating for the company in a research report on Monday, July 28th. Shore Capital reissued a "house stock" rating on shares of Judges Scientific in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of £100.65.

Judges Scientific Price Performance

The firm has a market capitalization of £422.80 million, a PE ratio of 28.31, a PEG ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 70.79, a current ratio of 1.97 and a quick ratio of 0.65. The firm has a 50-day simple moving average of GBX 7,572.47 and a 200-day simple moving average of GBX 7,435.49.

Insider Transactions at Judges Scientific

In other news, insider Ian Wilcock acquired 6 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of GBX 6,188 per share, with a total value of £371.28. Also, insider Charles Holroyd acquired 524 shares of Judges Scientific stock in a transaction on Thursday, July 24th. The shares were bought at an average cost of GBX 6,675 per share, for a total transaction of £34,977. Insiders bought a total of 542 shares of company stock valued at $3,614,008 over the last three months. Corporate insiders own 18.75% 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.