Judges Scientific (LON:JDG) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• Shares of Judges Scientific plc (LON:JDG) have fallen below their 200-day moving average of GBX 7,231.53, trading as low as GBX 5,800.
• Despite the recent decline, the stock has a consensus rating of "Buy" with an average price target of GBX 7,900 from analysts, including a "buy" restatement from Berenberg Bank.
• Insider activity includes purchases by Charles Holroyd of 524 shares and sales by David Cicurel of 315 shares, indicating ongoing interest from company executives.

Judges Scientific plc (LON:JDG - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7,231.53 ($97.74) and traded as low as GBX 5,800 ($78.39). Judges Scientific shares last traded at GBX 6,400 ($86.50), with a volume of 14,240 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 7,900 price target on shares of Judges Scientific in a research note on Thursday, September 11th. Shore Capital restated a "house stock" rating on shares of Judges Scientific in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 7,900.

Judges Scientific Trading Down 0.5%

The stock's 50 day moving average is GBX 6,546.42 and its two-hundred day moving average is GBX 7,204.77. The company has a market capitalization of £418.22 million, a PE ratio of 4,079.12, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 70.79.

Judges Scientific (LON:JDG - Get Free Report) last posted its earnings results on Thursday, September 18th. The company reported GBX 141.40 EPS for the quarter. Judges Scientific had a net margin of 10.99% and a return on equity of 17.56%. As a group, sell-side analysts predict that Judges Scientific plc will post 402.5824271 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Charles Holroyd bought 524 shares of the stock in a transaction on Thursday, July 24th. The stock was bought at an average price of GBX 6,675 per share, for a total transaction of £34,977. Also, insider David Cicurel sold 315 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of GBX 6,400, for a total value of £20,160. Insiders acquired 548 shares of company stock valued at $3,617,776 over the last 90 days. 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.