discoverIE Group (LON:DSCV) Shares Down 0.1% - Should You Sell?

discoverIE Group plc (LON:DSCV - Get Free Report)'s share price traded down 0.1% on Thursday . The company traded as low as GBX 641 ($8.79) and last traded at GBX 660.24 ($9.06). 123,186 shares changed 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).

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 950 ($13.03) price objective on shares of discoverIE Group in a research report on Wednesday, April 16th. 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. Finally, Shore Capital upgraded shares of discoverIE Group to a "buy" rating in a research report on Wednesday, April 16th.

discoverIE Group Stock Performance

The stock's 50-day moving average is GBX 623.83 and its 200-day moving average is GBX 612.12. The firm has a market capitalization of £648.46 million, a price-to-earnings ratio of 41.79 and a beta of 1.09. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88.

discoverIE Group (LON:DSCV - Get Free Report) last released 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 net margin of 3.55% and a return on equity of 5.10%. On average, analysts predict that discoverIE Group plc will post 37.5 EPS for the current fiscal year.

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.