discoverIE Group plc (LON:DSCV) Insider Purchases £1,064 in Stock

discoverIE Group plc (LON:DSCV) insider Clive Watson purchased 175 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of GBX 608 ($7.64) per share, with a total value of £1,064 ($1,337.19).

discoverIE Group Trading Down 0.3 %

DSCV stock opened at GBX 588.35 ($7.39) on Friday. The company has a market cap of £570.29 million, a P/E ratio of 36.75 and a beta of 1.09. discoverIE Group plc has a twelve month low of GBX 561 ($7.05) and a twelve month high of GBX 788 ($9.90). 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 business has a fifty day moving average of GBX 674.09 and a 200-day moving average of GBX 651.94.

discoverIE Group (LON:DSCV) last released its earnings results on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) earnings per share for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. As a group, equities research analysts expect that discoverIE Group plc will post 37.5 EPS for the current year.

discoverIE Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were issued a GBX 3.90 ($0.05) dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 0.62%. discoverIE Group’s dividend payout ratio is presently 74.95%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DSCV shares. Shore Capital restated a “hold” rating on shares of discoverIE Group in a research report on Thursday, January 30th. Berenberg Bank restated a “buy” rating and set a GBX 950 ($11.94) target price on shares of discoverIE Group in a research report on Monday, December 9th.

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.