Judges Scientific (LON:JDG) Shares Cross Below 200-Day Moving Average – Should You Sell?

Judges Scientific plc (LON:JDG) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,890.62 and traded as low as GBX 4,420. Judges Scientific shares last traded at GBX 4,500, with a volume of 26,377 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 5,600 price target on shares of Judges Scientific in a research note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 6,490.

Judges Scientific Stock Down 1.1%

The company has a market capitalization of £296.37 million, a P/E ratio of 54.67, a PEG ratio of 0.56 and a beta of 0.74. The company has a current ratio of 2.39, a quick ratio of 0.65 and a debt-to-equity ratio of 77.90. The stock has a 50 day moving average price of GBX 4,553.38 and a 200 day moving average price of GBX 4,887.54.

Judges Scientific (LON:JDG) last posted its quarterly earnings data on Tuesday, March 31st. The company reported GBX 275.30 earnings per share for the quarter. The business had revenue of £145.80 million during the quarter. Judges Scientific had a return on equity of 6.24% and a net margin of 3.77%. On average, research analysts anticipate that Judges Scientific plc will post 402.5824271 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Susan Nyman acquired 120 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average cost of GBX 4,880 per share, for a total transaction of £5,856. 9.92% of the stock is owned by 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.