Judges Scientific (LON:JDG) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Judges Scientific plc (LON:JDG) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JDG. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. Berenberg Bank restated a “buy” rating and set a GBX 5,600 price objective on shares of Judges Scientific in a research report on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 6,490.

Judges Scientific Trading Down 0.9%

The firm has a market cap of £226.47 million, a P/E ratio of -369.57, a PEG ratio of 0.56 and a beta of 0.74. The company has a 50 day moving average of GBX 3,794.96 and a 200 day moving average of GBX 4,308.47. The company has a debt-to-equity ratio of 76.68, a quick ratio of 0.65 and a current ratio of 2.62.

Judges Scientific (LON:JDG) last issued its quarterly earnings data 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%. Analysts predict that Judges Scientific plc will post 402.58 EPS for the current fiscal year.

Insider Buying and Selling at Judges Scientific

In other Judges Scientific news, insider Tim Prestidge acquired 8 shares of Judges Scientific stock in a transaction that occurred 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. Also, insider Bradley Leonard Ormsby acquired 8 shares of the firm’s stock in a transaction that occurred 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. Corporate insiders own 9.92% of the company’s stock.

About Judges Scientific

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.