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

Key Points

• Judges Scientific plc's stock has fallen below its 200-day moving average for the first time in trading, currently standing at GBX 6,093.05 ($81.39).
• Brokerages have updated their price targets, with Berenberg Bank lowering its target from £106 to GBX 7,900 while maintaining a "buy" rating.
• Insider transactions indicate confidence in the company, with insiders acquiring a total of 542 shares worth over $3.6 million in the last 90 days.

Shares of Judges Scientific plc (LON:JDG - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,509.81 ($100.97) and traded as low as GBX 6,020 ($80.94). Judges Scientific shares last traded at GBX 6,093.05 ($81.92), with a volume of 19,946 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JDG. Shore Capital restated a "house stock" rating on shares of Judges Scientific in a research note on Thursday, July 24th. Berenberg Bank reduced their price objective on shares of Judges Scientific from £106 ($142.51) to GBX 7,900 ($106.21) and set a "buy" rating for the company in a research note on Monday, July 28th.

Judges Scientific Price Performance

The stock's fifty day moving average is GBX 7,792.58 and its 200-day moving average is GBX 7,479.41. 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 stock has a market cap of £388.66 million, a PE ratio of 26.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83.

Insider Buying and Selling at Judges Scientific

In other news, insider Charles Holroyd acquired 524 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were purchased at an average cost of GBX 6,675 ($89.74) per share, for a total transaction of £34,977 ($47,024.74). Also, insider David Cicurel sold 315 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of GBX 6,400 ($86.04), for a total value of £20,160 ($27,104.06). Insiders have purchased 542 shares of company stock worth $3,614,008 over the last three months. 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.