discoverIE Group (LON:DSCV) Shares Down 1.1%

Shares of discoverIE Group plc (LON:DSCV) were down 1.1% during mid-day trading on Wednesday . The stock traded as low as GBX 589 ($7.74) and last traded at GBX 607 ($7.98). Approximately 241,940 shares traded hands during trading, an increase of 49% from the average daily volume of 162,797 shares. The stock had previously closed at GBX 614 ($8.07).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,030 ($13.54) price objective on shares of discoverIE Group in a research report on Monday, June 17th.

discoverIE Group Trading Down 2.5 %

The stock’s 50 day moving average is GBX 671.25 and its two-hundred day moving average is GBX 701.23. The company has a market capitalization of £562.21 million, a PE ratio of 3,662.50 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89.

Insider Transactions at discoverIE Group

In related news, insider Clive Watson bought 252 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought 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 bought 252 shares of discoverIE Group stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average price of GBX 623 ($8.19) per share, with a total value of £1,569.96 ($2,064.38). Also, insider Simon Gibbins acquired 4,237 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average cost of GBX 683 ($8.98) per share, with a total value of £28,938.71 ($38,052.22). In the last three months, insiders purchased 9,494 shares of company stock valued at $6,113,927. Corporate insiders own 4.47% 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.