discoverIE Group (LON:DSCV) Posts Earnings Results

discoverIE Group (LON:DSCV - Get Free Report) released its earnings results on Wednesday. The company reported GBX 39.70 ($0.54) earnings per share (EPS) for the quarter, Digital Look Earnings reports. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%.

discoverIE Group Price Performance

DSCV traded down GBX 65 ($0.88) during midday trading on Thursday, reaching GBX 667 ($9.06). 704,534 shares of the company's stock were exchanged, compared to its average volume of 354,362. The business's 50-day moving average price is GBX 574.71 and its 200 day moving average price is GBX 613.74. The stock has a market capitalization of £646.52 million, a PE ratio of 41.66 and a beta of 1.09. discoverIE Group has a 1-year low of GBX 472.50 ($6.42) and a 1-year high of GBX 787 ($10.69). The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96.

Wall Street Analysts Forecast Growth

DSCV has been the subject of several recent analyst reports. Royal Bank of Canada upgraded shares of discoverIE Group to an "outperform" rating and reduced their target price for the stock from GBX 690 ($9.37) to GBX 600 ($8.15) in a research note on Tuesday, April 15th. Berenberg Bank restated a "buy" rating and set a GBX 950 ($12.90) target price on shares of discoverIE Group in a research report on Wednesday, April 16th. Finally, Shore Capital upgraded discoverIE Group to a "buy" rating in a report on Wednesday, April 16th.

Insider Transactions at discoverIE Group

In other discoverIE Group news, insider Bruce Thompson purchased 12,000 shares of discoverIE Group stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of GBX 544 ($7.39) per share, with a total value of £65,280 ($88,647.47). Corporate insiders own 4.50% of the company's stock.

About discoverIE Group

discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial use. The Group provides application-specific components to original equipment manufacturers (“OEMs”) internationally, with a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation and industrial & connectivity. The Group employs c.4,500 people across 20 countries.