Judges Scientific (LON:JDG) Stock Jumps 1.3% – Here’s Why

Judges Scientific plc (LON:JDG) shares traded up 1.3% during mid-day trading on Thursday. The stock traded as high as GBX 3,600 and last traded at GBX 3,545. Approximately 20,852 shares were traded during mid-day trading, a decline of 8% from the average session volume of 22,777 shares. The stock had previously closed at GBX 3,500.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JDG shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 5,600 price objective on shares of Judges Scientific in a research report on Wednesday, September 23rd. Shore Capital Group reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Judges Scientific presently has a consensus rating of “Buy” and an average price target of GBX 5,600.

Judges Scientific Price Performance

The firm has a 50-day simple moving average of GBX 3,616.65 and a two-hundred day simple moving average of GBX 4,292.99. The company has a market capitalization of £236.13 million, a price-to-earnings ratio of -385.33, a P/E/G ratio of 0.56 and a beta of 0.79. The company has a current ratio of 2.62, a quick ratio of 0.65 and a debt-to-equity ratio of 76.68.

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

Insider Activity

In related news, insider Bradley Leonard Ormsby purchased 8 shares of Judges Scientific stock in a transaction that occurred on Monday, October 5th. The stock was bought at an average cost of GBX 3,608 per share, for a total transaction of £288.64. Also, insider Tim Prestidge purchased 8 shares of Judges Scientific stock in a transaction that occurred on Monday, October 5th. The shares were bought at an average price of GBX 3,608 per share, with a total value of £288.64. 9.92% of the stock is owned by company insiders.

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.