Judges Scientific (LON:JDG) Releases Earnings Results

Judges Scientific (LON:JDG) issued its quarterly 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 Trading Down 1.7%

Judges Scientific stock opened at GBX 3,725 on Wednesday. The firm’s 50-day moving average is GBX 4,191.54 and its 200-day moving average is 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 1 year low of GBX 3,480 and a 1 year high of GBX 6,500. The company has a market cap of £248.12 million, a P/E ratio of 45.76, a PEG ratio of 0.56 and a beta of 0.69.

Insider Activity

In other Judges Scientific news, insider Bradley Leonard Ormsby bought 63 shares of the business’s stock in a transaction on Friday, July 17th. The shares were purchased at an average price of GBX 4,917 per share, with a total value of £3,097.71. Also, insider Ralph Elman bought 122 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was bought at an average price of GBX 4,917 per share, with a total value of £5,998.74. Insiders own 9.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JDG. Berenberg Bank reissued a “buy” rating and issued a GBX 5,600 price objective on shares of Judges Scientific in a report on Wednesday. Shore Capital Group reiterated a “house stock” rating on shares of Judges Scientific in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Judges Scientific currently has a consensus rating of “Buy” and a consensus price target of GBX 6,490.

About Judges Scientific

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.