Judges Scientific (LON:JDG) Shares Cross Below 200-Day Moving Average – Time to Sell?

Judges Scientific plc (LON:JDG) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. 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 dropped their target price on Judges Scientific from £124 ($155.39) to £113.10 ($141.73) and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Finally, Shore Capital restated a “house stock” rating on shares of Judges Scientific in a research note on Thursday, September 19th.

Judges Scientific Price Performance

The company has a debt-to-equity ratio of 70.71, a quick ratio of 0.65 and a current ratio of 1.97. The firm has a market cap of £575.02 million, a PE ratio of 4,534.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The stock 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.

Insiders Place Their Bets

In related news, insider Ralph Elman sold 25,791 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 9,400 ($117.79), for a total value of £2,424,354 ($3,038,037.59). Also, insider Bradley Leonard Ormsby sold 230 shares of Judges Scientific 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 value of £20,470 ($25,651.63). In the last 90 days, insiders have purchased 6 shares of company stock worth $57,327. Corporate insiders own 18.75% of the company’s stock.

About Judges Scientific

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.