discoverIE Group (LON:DSCV) Sets New 1-Year Low - What's Next?

discoverIE Group plc (LON:DSCV - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as GBX 523 ($6.68) and last traded at GBX 523 ($6.68), with a volume of 108343 shares. The stock had previously closed at GBX 546 ($6.98).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "hold" rating on shares of discoverIE Group in a research report on Thursday, January 30th.

discoverIE Group Trading Down 2.0 %

The firm has a 50 day moving average of GBX 567.36 and a 200 day moving average of GBX 628.69. The firm has a market cap of £471.08 million, a PE ratio of 30.36 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88.

Insider Activity

In related news, insider Bruce Thompson purchased 12,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of GBX 544 ($6.95) per share, with a total value of £65,280 ($83,414.26). Also, insider Clive Watson acquired 175 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of GBX 608 ($7.77) per share, for a total transaction of £1,064 ($1,359.57). Insiders have bought 17,175 shares of company stock valued at $9,349,400 in the last 90 days. Insiders own 4.50% of the company's stock.

discoverIE Group Company Profile

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.