Judges Scientific (LON:JDG) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Judges Scientific plc (LON:JDG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9,708.07 ($120.60) and traded as low as GBX 8,600 ($106.83). Judges Scientific shares last traded at GBX 8,723 ($108.36), with a volume of 7,017 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Shore Capital reiterated a “house stock” rating on shares of Judges Scientific in a research report on Thursday, September 19th. Berenberg Bank decreased their price objective on Judges Scientific from £124 ($154.04) to £113.10 ($140.50) and set a “buy” rating on the stock in a report on Tuesday, November 19th.

Judges Scientific Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 70.71. The firm’s fifty day moving average price is GBX 8,921.11 and its 200-day moving average price is GBX 9,708.07. The stock has a market cap of £579.21 million, a P/E ratio of 4,567.02, a PEG ratio of 0.56 and a beta of 0.83.

Insider Buying and Selling at Judges Scientific

In other news, insider Bradley Leonard Ormsby sold 230 shares of Judges Scientific stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 8,900 ($110.56), for a total value of £20,470 ($25,428.57). Also, insider David Cicurel bought 3 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average price of GBX 9,923 ($123.27) per share, with a total value of £297.69 ($369.80). Over the last quarter, insiders have bought 6 shares of company stock worth $57,327. 18.75% of the stock is currently owned by company 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.