Bruce Thompson Buys 12,000 Shares of discoverIE Group plc (LON:DSCV) Stock

discoverIE Group plc (LON:DSCV) insider Bruce Thompson purchased 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of GBX 544 ($7.04) per share, with a total value of £65,280 ($84,515.79).

discoverIE Group Stock Up 2.0 %

Shares of discoverIE Group stock opened at GBX 549 ($7.11) on Wednesday. The firm has a market cap of £532.14 million, a price-to-earnings ratio of 34.29 and a beta of 1.09. The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. discoverIE Group plc has a 52-week low of GBX 523 ($6.77) and a 52-week high of GBX 788 ($10.20). The stock has a 50-day simple moving average of GBX 618.70 and a 200-day simple moving average of GBX 639.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Berenberg Bank restated a “buy” rating and set a GBX 950 ($12.30) price objective on shares of discoverIE Group in a research report on Monday, December 9th. Shore Capital restated a “hold” rating on shares of discoverIE Group in a research report on Thursday, January 30th.

About discoverIE Group

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.