Judges Scientific (LON:JDG) Shares Cross Below 200 Day Moving Average – Here’s Why

Judges Scientific plc (LON:JDG)’s share price crossed 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 trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JDG shares. Berenberg Bank lowered their price target on shares of Judges Scientific from £124 ($154.04) to £113.10 ($140.50) and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Shore Capital reiterated a “house stock” rating on shares of Judges Scientific in a report on Thursday, September 19th.

Judges Scientific Trading Up 1.2 %

The stock has a market cap of £579.21 million, a price-to-earnings ratio of 4,567.02, a PEG ratio of 0.56 and a beta of 0.83. The business’s 50 day simple moving average is GBX 8,921.11 and its 200 day simple moving average is GBX 9,705.68. The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 70.71.

Insider Buying and Selling

In other news, insider Bradley Leonard Ormsby sold 230 shares of the business’s 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 transaction of £20,470 ($25,428.57). Also, insider David Cicurel purchased 3 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average cost of GBX 9,923 ($123.27) per share, with a total value of £297.69 ($369.80). Over the last 90 days, insiders acquired 6 shares of company stock worth $57,327. Company 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.