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

Key Points

• Judges Scientific shares fell below their 200-day moving average of GBX 4,314.25, reaching GBX 3,380 before last trading at GBX 3,450 on volume of 32,904 shares.
• Analysts remain positive, with a consensus “Buy” rating and average price target of GBX 6,490; Berenberg reiterated its buy rating with a GBX 5,600 target.
• Insiders Bradley Leonard Ormsby and Tim Prestidge each purchased eight shares at GBX 3,608, while company insiders collectively own 9.92% of Judges Scientific.

Shares of Judges Scientific plc (LON:JDG - Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 4,314.25 and traded as low as GBX 3,380. Judges Scientific shares last traded at GBX 3,450, with a volume of 32,904 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Berenberg Bank reiterated a "buy" rating and issued a GBX 5,600 target price on shares of Judges Scientific in a research note on Wednesday, September 23rd. Shore Capital Group reiterated a "house stock" rating on shares of Judges Scientific in a report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 6,490.

Judges Scientific Price Performance

The stock's 50-day moving average is GBX 3,810.36 and its 200 day moving average is GBX 4,314.25. The company has a debt-to-equity ratio of 76.68, a current ratio of 2.62 and a quick ratio of 0.65. The company has a market cap of £229.80 million, a PE ratio of -375.00, a PEG ratio of 0.56 and a beta of 0.74.

Judges Scientific (LON:JDG - Get Free Report) last announced its earnings results on Wednesday, September 23rd. The company reported GBX 39 earnings per share for the quarter. Judges Scientific had a negative net margin of 0.46% and a negative return on equity of 0.72%. On average, equities analysts anticipate that Judges Scientific plc will post 402.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Judges Scientific

In other Judges Scientific news, insider Bradley Leonard Ormsby acquired 8 shares of the firm's stock in a transaction dated Monday, October 5th. The stock was purchased at an average price of GBX 3,608 per share, for a total transaction of £288.64. Also, insider Tim Prestidge acquired 8 shares of the firm's stock in a transaction dated Monday, October 5th. The shares were acquired at an average price of GBX 3,608 per share, with a total value of £288.64. Corporate insiders own 9.92% 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. 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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