discoverIE Group (LON:DSCV) Trading 0.2% Higher – What’s Next?

discoverIE Group plc (LON:DSCV)’s stock price traded up 0.2% on Thursday . The stock traded as high as GBX 639 ($8.11) and last traded at GBX 632 ($8.02). 71,603 shares traded hands during trading, a decline of 65% from the average session volume of 207,264 shares. The stock had previously closed at GBX 631 ($8.01).

Analyst Ratings Changes

Several analysts have weighed in on the company. Shore Capital reissued a “sell” rating on shares of discoverIE Group in a report on Tuesday, October 15th. Berenberg Bank reissued a “buy” rating and set a GBX 950 ($12.06) price objective on shares of discoverIE Group in a report on Tuesday, October 15th.

discoverIE Group Price Performance

The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.96 and a current ratio of 1.55. The company has a 50-day moving average of GBX 638.31 and a 200-day moving average of GBX 669.46. The firm has a market capitalization of £606.34 million, a price-to-earnings ratio of 3,950.00 and a beta of 1.09.

Insiders Place Their Bets

In related news, insider Clive Watson acquired 4,126 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average price of GBX 585 ($7.43) per share, for a total transaction of £24,137.10 ($30,638.61). Also, insider Simon Gibbins acquired 7,822 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of GBX 634 ($8.05) per share, for a total transaction of £49,591.48 ($62,949.33). Insiders own 4.50% of the company’s stock.

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.