discoverIE Group (LON:DSCV) Stock Price Down 1.6%

discoverIE Group plc (LON:DSCV - Get Free Report)'s share price fell 1.6% during trading on Friday . The company traded as low as GBX 718 ($9.02) and last traded at GBX 737 ($9.26). 103,816 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 152,136 shares. The stock had previously closed at GBX 749 ($9.41).

Analyst Upgrades and Downgrades

DSCV has been the subject of a number of research reports. Shore Capital reissued a "hold" rating on shares of discoverIE Group in a research note on Thursday, April 18th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,030 ($12.94) price target on shares of discoverIE Group in a research note on Thursday, April 18th.

discoverIE Group Stock Performance

The company has a market capitalization of £706.41 million, a PE ratio of 3,204.35 and a beta of 1.04. The stock's 50-day simple moving average is GBX 719.74 and its 200 day simple moving average is GBX 713.39. The company has a debt-to-equity ratio of 82.83, a quick ratio of 0.96 and a current ratio of 1.50.

Insiders Place Their Bets

In related news, insider Bruce Thompson purchased 4,000 shares of the business's stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average price of GBX 672 ($8.44) per share, for a total transaction of £26,880 ($33,768.84). In other news, insider Clive Watson purchased 3,693 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of GBX 670 ($8.42) per share, for a total transaction of £24,743.10 ($31,084.30). Also, insider Bruce Thompson acquired 4,000 shares of the business's stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average price of GBX 672 ($8.44) per share, with a total value of £26,880 ($33,768.84). 4.16% of the stock is currently owned by insiders.

discoverIE Group Company Profile

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two segments, Magnetics & Controls; and Sensing & Connectivity. The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.

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