discoverIE Group (LON:DSCV) Stock Price Up 0.2% - What's Next?

discoverIE Group plc (LON:DSCV - Get Free Report) shares were up 0.2% during trading on Thursday . The stock traded as high as GBX 591 ($7.87) and last traded at GBX 583 ($7.76). Approximately 8,984,712 shares changed hands during mid-day trading, an increase of 1,760% from the average daily volume of 483,058 shares. The stock had previously closed at GBX 582 ($7.75).

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on DSCV shares. Royal Bank of Canada raised shares of discoverIE Group to an "outperform" rating and reduced their price target for the company from GBX 690 ($9.18) to GBX 600 ($7.99) in a research report on Tuesday, April 15th. Berenberg Bank reiterated a "buy" rating and issued a GBX 950 ($12.64) target price on shares of discoverIE Group in a research report on Wednesday, April 16th. Finally, Shore Capital raised shares of discoverIE Group to a "buy" rating in a research note on Wednesday, April 16th.

discoverIE Group Stock Up 0.6%

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 firm's 50-day moving average price is GBX 554.05 and its 200 day moving average price is GBX 619.34. The firm has a market cap of £615.50 million, a P/E ratio of 39.66 and a beta of 1.09.

Insider Buying and Selling

In related news, insider Bruce Thompson acquired 12,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of GBX 544 ($7.24) per share, with a total value of £65,280 ($86,877.83). Also, insider Clive Watson bought 5,000 shares of discoverIE Group stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of GBX 543 ($7.23) per share, for a total transaction of £27,150 ($36,132.55). 4.50% of the stock is currently owned by corporate insiders.

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.