Judges Scientific (LON:JDG) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Judges Scientific plc's stock has fallen below its 200-day moving average, trading as low as GBX 5,800, which is significantly below the average of GBX 7,076.61.
• Analyst sentiment remains optimistic with a consensus Buy rating and a target price of GBX 7,900, despite the recent stock price decline.
• Insider purchases indicate confidence, with significant shares acquired recently by company insiders, totaling 549 shares valued at over $3.6 million in the last three months.

Judges Scientific plc (LON:JDG - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 7,076.61 ($94.27) and traded as low as GBX 5,800 ($77.26). Judges Scientific shares last traded at GBX 5,900 ($78.59), with a volume of 5,734 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on JDG shares. Shore Capital reissued a "house stock" rating on shares of Judges Scientific in a research report on Thursday, September 18th. Berenberg Bank reissued a "buy" rating and set a GBX 7,900 price objective on shares of Judges Scientific in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Judges Scientific presently has a consensus rating of "Buy" and a consensus target price of GBX 7,900.

Judges Scientific Trading Up 2.0%

The company has a debt-to-equity ratio of 70.79, a quick ratio of 0.65 and a current ratio of 1.97. The stock's 50-day simple moving average is GBX 6,272.76 and its 200-day simple moving average is GBX 7,076.61. The firm has a market capitalization of £400.27 million, a PE ratio of 3,693.25, a P/E/G ratio of 0.56 and a beta of 0.83.

Judges Scientific (LON:JDG - Get Free Report) last released its earnings results on Thursday, September 18th. The company reported GBX 141.40 earnings per share 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 expect that Judges Scientific plc will post 402.5824271 EPS for the current fiscal year.

Insider Transactions at Judges Scientific

In other Judges Scientific news, insider Ian Wilcock bought 6 shares of Judges Scientific stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of GBX 6,188 per share, with a total value of £371.28. Also, insider Charles Holroyd bought 524 shares of Judges Scientific stock in a transaction dated Thursday, July 24th. The stock was acquired at an average cost of GBX 6,675 per share, for a total transaction of £34,977. Insiders have acquired 549 shares of company stock valued at $3,619,331 in the last three months. 10.83% of the stock is currently owned by company insiders.

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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