discoverIE Group (LON:DSCV) Stock Price Down 0.1% - Time to Sell?

Shares of discoverIE Group plc (LON:DSCV - Get Free Report) traded down 0.1% during trading on Thursday . The company traded as low as GBX 641 ($8.80) and last traded at GBX 660.24 ($9.06). 123,186 shares traded hands during trading, a decline of 63% from the average session volume of 334,160 shares. The stock had previously closed at GBX 661 ($9.07).

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DSCV shares. Berenberg Bank reissued a "buy" rating and issued a GBX 950 ($13.04) target price on shares of discoverIE Group in a research report on Wednesday, April 16th. Shore Capital raised shares of discoverIE Group to a "buy" rating in a research note on Wednesday, April 16th. Finally, Royal Bank Of Canada upgraded shares of discoverIE Group to an "outperform" rating and lowered their price objective for the stock from GBX 690 ($9.47) to GBX 600 ($8.23) in a research report on Tuesday, April 15th.

discoverIE Group Stock Down 0.1%

The firm has a 50-day moving average of GBX 621.65 and a two-hundred day moving average of GBX 614. The stock has a market capitalization of £639.97 million, a price-to-earnings ratio of 41.24 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.

discoverIE Group (LON:DSCV - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts anticipate that discoverIE Group plc will post 37.5 earnings per share for the current year.

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.

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