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

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JDG. Shore Capital Group restated a “house stock” rating on shares of Judges Scientific in a research note on Thursday, July 23rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,600 price target on shares of Judges Scientific in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 5,600.

Judges Scientific Price Performance

The company has a current ratio of 2.62, a quick ratio of 0.65 and a debt-to-equity ratio of 76.68. The stock has a 50 day simple moving average of GBX 3,616.65 and a 200-day simple moving average of GBX 4,292.99. The firm has a market cap of £236.13 million, a PE ratio of -385.33, a price-to-earnings-growth ratio of 0.56 and a beta of 0.79.

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

Insider Buying and Selling at Judges Scientific

In related news, 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. Also, insider Bradley Leonard Ormsby purchased 8 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were bought at an average cost of GBX 3,608 per share, with a total value of £288.64. Corporate insiders own 9.92% of the company’s stock.

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.