discoverIE Group’s (DSCV) Hold Rating Reaffirmed at Shore Capital

Shore Capital reiterated their hold rating on shares of discoverIE Group (LON:DSCV) in a report released on Thursday morning, Marketbeat Ratings reports.

discoverIE Group Trading Down 2.9 %

Shares of LON DSCV opened at GBX 671 ($8.35) on Thursday. discoverIE Group has a twelve month low of GBX 586 ($7.29) and a twelve month high of GBX 958 ($11.93). The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 82.83. The stock has a fifty day simple moving average of GBX 713.77 and a 200-day simple moving average of GBX 702.26. The stock has a market capitalization of £643.15 million, a PE ratio of 2,924.06 and a beta of 1.04.

Insider Activity

In other news, insider Clive Watson acquired 3,693 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of GBX 670 ($8.34) per share, with a total value of £24,743.10 ($30,801.82). In related news, insider Clive Watson bought 3,693 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of GBX 670 ($8.34) per share, with a total value of £24,743.10 ($30,801.82). Also, insider Bruce Thompson bought 4,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average cost of GBX 672 ($8.37) per share, with a total value of £26,880 ($33,461.97). Insiders own 4.16% 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.