Judges Scientific (LON:JDG) Shares Pass Below 200 Day Moving Average – Time to Sell?

Judges Scientific plc (LON:JDG)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,974.43 and traded as low as GBX 5,100. Judges Scientific shares last traded at GBX 5,150, with a volume of 15,385 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JDG. Berenberg Bank decreased their target price on Judges Scientific from GBX 7,900 to GBX 5,600 and set a “buy” rating for the company in a report on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 7,380 price target on shares of Judges Scientific in a research report on Tuesday, November 4th. Finally, Shore Capital reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 6,490.

Judges Scientific Stock Up 0.0%

The stock has a market capitalization of £343.35 million, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The firm has a 50-day moving average of GBX 5,536.66 and a 200 day moving average of GBX 5,974.43. The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 70.79.

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.