Judges Scientific (LON:JDG) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Key Points

• Share price fell below its 200‑day moving average: Judges Scientific traded as low as GBX 3,480 and last at GBX 3,870 versus a 200‑day MA of GBX 5,414.94, on volume of 18,782 shares.
• Berenberg cut its price target from GBX 7,900 to GBX 5,600 while keeping a "buy" rating; the stock's consensus rating remains "Buy" with an average target of GBX 6,490.
• Judges is an acquisitive scientific‑instrument group owning 23 businesses, with a market cap of £257.74m and metrics including a P/E of 23.74 and debt‑to‑equity of 74.92, focused on niche global markets.

Judges Scientific plc (LON:JDG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,414.94 and traded as low as GBX 3,480. Judges Scientific shares last traded at GBX 3,870, with a volume of 18,782 shares.

Analyst Ratings Changes

JDG has been the subject of a number of research reports. Berenberg Bank decreased their price target on Judges Scientific from GBX 7,900 to GBX 5,600 and set a "buy" rating for the company in a research note on Thursday, January 22nd. Shore Capital Group restated a "house stock" rating on shares of Judges Scientific in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of GBX 6,490.

Judges Scientific Price Performance

The firm has a market capitalization of £257.74 million, a P/E ratio of 23.74, a P/E/G ratio of 0.56 and a beta of 0.66. The business's fifty day moving average is GBX 4,802.27 and its 200 day moving average is GBX 5,414.94. The company has a current ratio of 2.48, a quick ratio of 0.65 and a debt-to-equity ratio of 74.92.

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. 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.

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