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

Shares of Judges Scientific plc (LON:JDG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,755.05 and traded as low as GBX 4,980. Judges Scientific shares last traded at GBX 5,000, with a volume of 27,222 shares trading hands.

Analyst Ratings Changes

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

Judges Scientific Stock Performance

The firm’s 50 day simple moving average is GBX 5,457.98 and its 200-day simple moving average is GBX 5,755.05. The company has a market capitalization of £333 million, a price-to-earnings ratio of 30.67, a P/E/G ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 70.79, a quick ratio of 0.65 and a current ratio of 1.97.

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.