discoverIE Group (LON:DSCV) Stock Price Up 0.8% - Here's What Happened

discoverIE Group plc (LON:DSCV - Get Free Report)'s stock price rose 0.8% on Friday . The stock traded as high as GBX 640 ($8.65) and last traded at GBX 635 ($8.58). Approximately 184,023 shares were traded during trading, a decline of 47% from the average daily volume of 350,454 shares. The stock had previously closed at GBX 630 ($8.52).

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Berenberg Bank reissued a "buy" rating and issued a GBX 950 ($12.84) price target on shares of discoverIE Group in a research report on Wednesday, April 16th. Shore Capital upgraded discoverIE Group to a "buy" rating in a report on Wednesday, April 16th. Finally, Royal Bank of Canada raised shares of discoverIE Group to an "outperform" rating and dropped their price objective for the company from GBX 690 ($9.33) to GBX 600 ($8.11) in a research report on Tuesday, April 15th.

discoverIE Group Stock Performance

The firm has a market capitalization of £709.53 million, a PE ratio of 45.72 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. The company has a 50-day moving average of GBX 571.41 and a 200 day moving average of GBX 613.37.

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 net margin of 3.55% and a return on equity of 5.10%. Equities research analysts predict that discoverIE Group plc will post 37.5 EPS for the current year.

Insider Activity at discoverIE Group

In other discoverIE Group news, insider Bruce Thompson acquired 12,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of GBX 544 ($7.35) per share, with a total value of £65,280 ($88,251.99). 4.50% of the stock is currently 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.