Judges Scientific (LON:JDG) Trading 3.3% Higher – What’s Next?

Judges Scientific plc (LON:JDG) was up 3.3% during mid-day trading on Tuesday . The company traded as high as GBX 8,780 ($112.18) and last traded at GBX 8,700 ($111.15). Approximately 10,931 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 15,041 shares. The stock had previously closed at GBX 8,420 ($107.58).

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JDG. Jefferies Financial Group started coverage on shares of Judges Scientific in a research report on Tuesday, September 3rd. They set a “buy” rating and a £122.30 ($156.25) price objective for the company. Berenberg Bank cut their price target on shares of Judges Scientific from £124 ($158.43) to £113.10 ($144.50) and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Finally, Shore Capital reissued a “house stock” rating on shares of Judges Scientific in a research report on Thursday, September 19th.

Judges Scientific Stock Performance

The stock has a market capitalization of £577.68 million, a price-to-earnings ratio of 4,554.97, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The company has a 50 day simple moving average of GBX 9,156.32 and a 200-day simple moving average of GBX 9,971.31. The company has a quick ratio of 0.65, a current ratio of 1.97 and a debt-to-equity ratio of 70.71.

Judges Scientific Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, November 8th. Investors of record on Thursday, October 10th were given a dividend of GBX 29.70 ($0.38) per share. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 0.29%. Judges Scientific’s payout ratio is presently 5,130.89%.

Insider Buying and Selling

In related news, insider Ralph Elman sold 25,791 shares of Judges Scientific stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of GBX 9,400 ($120.10), for a total value of £2,424,354 ($3,097,424.30). Also, insider David Cicurel sold 60,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 1,000 ($12.78), for a total transaction of £600,000 ($766,577.23). Over the last ninety days, insiders have purchased 6 shares of company stock valued at $57,327 and have sold 86,021 shares valued at $304,482,400. 18.75% of the stock is owned by insiders.

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.