Judges Scientific (LON:JDG) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Judges Scientific plc (LON:JDG)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 9,772.16 ($122.46) and traded as low as GBX 8,575 ($107.46). Judges Scientific shares last traded at GBX 8,660 ($108.52), with a volume of 12,405 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JDG. Jefferies Financial Group started coverage on Judges Scientific in a research note on Tuesday, September 3rd. They issued a “buy” rating and a £122.30 ($153.26) target price for the company. Berenberg Bank cut their target price on shares of Judges Scientific from £124 ($155.39) to £113.10 ($141.73) and set a “buy” rating for the company in a research report on Tuesday, November 19th. Finally, Shore Capital restated a “house stock” rating on shares of Judges Scientific in a research report on Thursday, September 19th.

Judges Scientific Stock Up 0.5 %

The firm has a market capitalization of £575.02 million, a P/E ratio of 4,534.03, a P/E/G ratio of 0.56 and a beta of 0.83. The company has a 50 day simple moving average of GBX 8,935.89 and a two-hundred day simple moving average of GBX 9,772.16. The company has a current ratio of 1.97, a quick ratio of 0.65 and a debt-to-equity ratio of 70.71.

Insiders Place Their Bets

In other Judges Scientific news, insider Ralph Elman sold 25,791 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of GBX 9,400 ($117.79), for a total transaction of £2,424,354 ($3,038,037.59). Also, insider Bradley Leonard Ormsby sold 230 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 8,900 ($111.53), for a total transaction of £20,470 ($25,651.63). Insiders have bought a total of 6 shares of company stock valued at $57,327 in the last quarter. 18.75% of the stock is currently owned by insiders.

Judges Scientific Company Profile

Judges Scientific plc designs, manufactures, and sells scientific instruments. The company offers engineering teaching and research equipment for universities, colleges, schools, and research centres; and research and development systems for food, beverage, dairy, edible oil, and pharmaceutical industries.