discoverIE Group plc (LON:DSCV – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 586 ($7.71) and last traded at GBX 586 ($7.71), with a volume of 2717388 shares. The stock had previously closed at GBX 601 ($7.90).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,030 ($13.54) price target on shares of discoverIE Group in a research note on Monday, June 17th.
Read Our Latest Report on discoverIE Group
discoverIE Group Price Performance
Insider Buying and Selling at discoverIE Group
In related news, insider Clive Watson purchased 252 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of GBX 623 ($8.19) per share, with a total value of £1,569.96 ($2,064.38). In other discoverIE Group news, insider Clive Watson acquired 252 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of GBX 623 ($8.19) per share, for a total transaction of £1,569.96 ($2,064.38). Also, insider Simon Gibbins purchased 5,005 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of GBX 612 ($8.05) per share, with a total value of £30,630.60 ($40,276.92). In the last ninety days, insiders acquired 9,494 shares of company stock worth $6,113,927. Company insiders own 4.47% of the company’s stock.
About discoverIE Group
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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