Judges Scientific (LON:JDG) Announces Earnings Results

Judges Scientific (LON:JDG) released its earnings results on Wednesday. The company reported GBX 39 EPS for the quarter, Digital Look Earnings reports. Judges Scientific had a net margin of 3.77% and a return on equity of 6.24%.

Judges Scientific Price Performance

JDG stock opened at GBX 3,737 on Wednesday. The company has a market capitalization of £248.92 million, a P/E ratio of 45.91, a PEG ratio of 0.56 and a beta of 0.69. The company has a fifty day moving average price of GBX 4,191.54 and a 200-day moving average price of GBX 4,384.42. The company has a debt-to-equity ratio of 77.90, a quick ratio of 0.65 and a current ratio of 2.39. Judges Scientific has a 52-week low of GBX 3,480 and a 52-week high of GBX 6,500.

Insiders Place Their Bets

In related news, insider Bradley Leonard Ormsby bought 63 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was acquired at an average cost of GBX 4,917 per share, with a total value of £3,097.71. Also, insider Ralph Elman bought 122 shares of the business’s stock in a transaction on Friday, July 17th. The shares were bought at an average cost of GBX 4,917 per share, for a total transaction of £5,998.74. Corporate insiders own 9.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JDG shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 5,600 price target on shares of Judges Scientific in a report on Wednesday. Shore Capital Group restated a “house stock” rating on shares of Judges Scientific in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 6,490.

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.