Judges Scientific (LON:JDG) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Judges Scientific shares fell below their 200-day moving average, trading as low as GBX 3,750 and last changing hands at GBX 3,790, compared with the 200-day average of GBX 4,384.42.
• Despite the technical weakness, analysts remain positive: MarketBeat reports a consensus “Buy” rating and a GBX 6,490 target price, while Berenberg reiterated its buy rating with a GBX 5,600 target.
• Insiders recently purchased shares, including 63 shares bought by Bradley Leonard Ormsby and 122 by Ralph Elman at GBX 4,917 per share; corporate insiders own 9.92% of the company.

Judges Scientific plc (LON:JDG - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,384.42 and traded as low as GBX 3,750. Judges Scientific shares last traded at GBX 3,790, with a volume of 17,212 shares.

Analyst Ratings Changes

Several research firms have weighed in on JDG. Berenberg Bank reissued a "buy" rating and issued a GBX 5,600 target price on shares of Judges Scientific in a research note on Thursday, July 23rd. Shore Capital Group reiterated a "house stock" rating on shares of Judges Scientific in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Judges Scientific presently has a consensus rating of "Buy" and a consensus target price of GBX 6,490.

Judges Scientific Trading Down 1.1%

The company has a debt-to-equity ratio of 77.90, a quick ratio of 0.65 and a current ratio of 2.39. The company has a market cap of £249.79 million, a price-to-earnings ratio of 46.07, a P/E/G ratio of 0.56 and a beta of 0.69. The firm has a fifty day moving average price of GBX 4,191.54 and a 200 day moving average price of GBX 4,384.42.

Insider Activity

In other news, insider Bradley Leonard Ormsby purchased 63 shares of the company's stock in a transaction that occurred on Friday, July 17th. The stock was acquired at an average cost of GBX 4,917 per share, with a total value of £3,097.71. Also, insider Ralph Elman bought 122 shares of Judges Scientific stock in a transaction dated Friday, July 17th. The stock was acquired at an average cost of GBX 4,917 per share, with a total value of £5,998.74. 9.92% of the stock is owned by corporate 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. 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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