Judges Scientific (LON:JDG) Shares Cross Below 200-Day Moving Average - Here's What Happened

Key Points

• Judges Scientific shares fell below their 200-day moving average of GBX 4,342.05, reaching GBX 3,550 during trading, with 9,376 shares changing hands.
• Analysts remain broadly positive: the stock has an average “Buy” rating and a consensus price target of GBX 6,490, including Berenberg’s GBX 5,600 target.
• The company reported quarterly EPS of GBX 39, but posted a negative net margin of 0.46% and negative return on equity of 0.72%; insiders have bought 201 shares over the past 90 days.

Shares of Judges Scientific plc (LON:JDG - Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 4,342.05 and traded as low as GBX 3,550. Judges Scientific shares last traded at GBX 3,550, with a volume of 9,376 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JDG. Shore Capital Group reaffirmed a "house stock" rating on shares of Judges Scientific in a research note on Thursday, July 23rd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 5,600 price objective on shares of Judges Scientific in a research note on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Judges Scientific has an average rating of "Buy" and a consensus target price of GBX 6,490.

Judges Scientific Price Performance

The business's 50 day moving average is GBX 3,901.35 and its two-hundred day moving average is GBX 4,342.05. The firm has a market cap of £236.63 million, a P/E ratio of -386.14, a P/E/G ratio of 0.56 and a beta of 0.74. The company has a quick ratio of 0.65, a current ratio of 2.62 and a debt-to-equity ratio of 76.68.

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

Insider Buying and Selling

In other Judges Scientific news, insider Ralph Elman bought 122 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The stock was acquired at an average price of GBX 4,917 per share, with a total value of £5,998.74. Also, insider Bradley Leonard Ormsby bought 8 shares of the stock in a transaction on Monday, October 5th. The stock was acquired at an average price of GBX 3,608 per share, with a total value of £288.64. Insiders acquired 201 shares of company stock valued at $967,373 over the last 90 days. Company 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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