discoverIE Group (LON:DSCV) Stock Rating Reaffirmed by Shore Capital

Shore Capital restated their hold rating on shares of discoverIE Group (LON:DSCV) in a report published on Thursday morning, MarketBeat reports.

discoverIE Group Trading Down 2.9 %

Shares of DSCV opened at GBX 671 ($8.35) on Thursday. 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 firm has a market capitalization of £643.15 million, a P/E ratio of 2,924.06 and a beta of 1.04. The stock’s fifty day simple moving average is GBX 713.77 and its 200 day simple moving average is GBX 702.26. discoverIE Group has a twelve month low of GBX 586 ($7.29) and a twelve month high of GBX 958 ($11.93).

Insider Buying and Selling

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