discoverIE Group (LON:DSCV) Shares Up 15.6% - What's Next?

discoverIE Group plc (LON:DSCV - Get Free Report) shot up 15.6% on Thursday . The company traded as high as GBX 732 ($9.94) and last traded at GBX 732 ($9.94). 808,422 shares traded hands during mid-day trading, an increase of 130% from the average session volume of 351,335 shares. The stock had previously closed at GBX 633 ($8.60).

Analyst Ratings Changes

A number of analysts recently issued reports on DSCV shares. Shore Capital raised discoverIE Group to a "buy" rating in a research report on Wednesday, April 16th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 950 ($12.90) price target on shares of discoverIE Group in a research note on Wednesday, April 16th. Finally, Royal Bank of Canada raised discoverIE Group to an "outperform" rating and lowered their price target for the company from GBX 690 ($9.37) to GBX 600 ($8.15) in a research note on Tuesday, April 15th.

discoverIE Group Trading Down 8.9%

The company has a market cap of £646.52 million, a price-to-earnings ratio of 41.66 and a beta of 1.09. The company's 50 day moving average price is GBX 577.17 and its 200 day moving average price is GBX 613.79. The company has a debt-to-equity ratio of 77.88, a quick ratio of 0.96 and a current ratio of 1.55.

discoverIE Group (LON:DSCV - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported GBX 39.70 ($0.54) earnings per share (EPS) for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. Research analysts anticipate that discoverIE Group plc will post 37.5 EPS for the current year.

Insider Buying and Selling

In other discoverIE Group news, insider Bruce Thompson acquired 12,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of GBX 544 ($7.39) per share, with a total value of £65,280 ($88,647.47). 4.50% of the stock is owned by insiders.

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.