discoverIE Group (LON:DSCV) Hits New 52-Week Low at $586.00

discoverIE Group plc (LON:DSCV)’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.

discoverIE Group Price Performance

The company has a market cap of £562.21 million, a P/E ratio of 3,756.25 and a beta of 1.10. The firm has a 50 day moving average of GBX 671.25 and a 200-day moving average of GBX 701.23. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89.

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.