Insider Buying: discoverIE Group plc (LON:DSCV) Insider Purchases 175 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Clive Watson bought 175 shares of discoverIE Group stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average price of GBX 608 ($7.65) per share, for a total transaction of £1,064 ($1,339.21).

discoverIE Group Price Performance

DSCV stock opened at GBX 588 ($7.40) on Friday. The firm’s 50-day moving average price is GBX 669.32 and its two-hundred day moving average price is GBX 650.07. discoverIE Group plc has a 12-month low of GBX 561 ($7.06) and a 12-month high of GBX 788 ($9.92). The stock has a market capitalization of £569.95 million, a price-to-earnings ratio of 36.73 and a beta of 1.09. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88.

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

discoverIE Group Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on DSCV. Shore Capital reissued a “hold” rating on shares of discoverIE Group in a research report on Thursday, January 30th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($11.96) price objective on shares of discoverIE Group in a report on Monday, December 9th.

discoverIE Group Company Profile

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.