Judges Scientific (LON:JDG) Stock Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Judges Scientific's stock price has fallen below its **200-day moving average**, trading at GBX 6,300 compared to the average of GBX 7,309.98.
• Wall Street analysts have given a **consensus rating of "Buy"** for Judges Scientific, with a price target of GBX 7,900 despite recent price declines.
• Recent insider activity shows significant investment, with insiders purchasing a total of **548 shares** valued at over $3.6 million in the last ninety days.

Judges Scientific plc (LON:JDG - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 7,309.98 ($98.94) and traded as low as GBX 6,200 ($83.92). Judges Scientific shares last traded at GBX 6,300 ($85.27), with a volume of 7,109 shares changing hands.

Wall Street Analysts Forecast Growth

JDG has been the topic of several recent research reports. Shore Capital restated a "house stock" rating on shares of Judges Scientific in a research report on Thursday, July 24th. Berenberg Bank decreased their target price on shares of Judges Scientific from £106 to GBX 7,900 and set a "buy" rating on the stock in a research report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Judges Scientific currently has a consensus rating of "Buy" and a consensus price target of GBX 7,900.

Judges Scientific Price Performance

The company has a market capitalization of £412.24 million, a P/E ratio of 4,020.75, a P/E/G ratio of 0.56 and a beta of 0.83. The firm's fifty day moving average is GBX 6,901.11 and its 200 day moving average is GBX 7,309.98. The company has a debt-to-equity ratio of 70.79, a quick ratio of 0.65 and a current ratio of 1.97.

Insider Activity at Judges Scientific

In other news, insider Ian Wilcock purchased 6 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of GBX 6,188 per share, for a total transaction of £371.28. Also, insider Charles Holroyd purchased 524 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were purchased at an average price of GBX 6,675 per share, for a total transaction of £34,977. In the last ninety days, insiders have bought 548 shares of company stock worth $3,617,776. 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.

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