discoverIE Group (LON:DSCV) Trading 1.3% Higher – Still a Buy?

Posted by Nicole Kennedy on Jan 1st, 2025

discoverIE Group plc (LON:DSCV – Get Free Report)’s stock price was up 1.3% during mid-day trading on Tuesday . The company traded as high as GBX 716 ($8.96) and last traded at GBX 715 ($8.95). Approximately 27,404 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 209,375 shares. The stock had previously closed at GBX 706 ($8.83).

Analyst Upgrades and Downgrades

DSCV has been the subject of a number of research analyst reports. Shore Capital raised shares of discoverIE Group to a “hold” rating in a research note on Wednesday, December 4th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 ($11.89) price target on shares of discoverIE Group in a research note on Monday, December 9th.

Check Out Our Latest Research Report on discoverIE Group

discoverIE Group Stock Up 1.3 %

The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. The firm has a 50-day moving average of GBX 685.37 and a 200 day moving average of GBX 663.17. The stock has a market capitalization of £685.97 million, a price-to-earnings ratio of 4,468.75 and a beta of 1.09.

discoverIE Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be paid a GBX 3.90 ($0.05) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 0.62%. discoverIE Group’s dividend payout ratio (DPR) is presently 7,500.00%.

Insider Activity at discoverIE Group

In other discoverIE Group news, insider Simon Gibbins bought 7,822 shares of discoverIE Group stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of GBX 634 ($7.93) per share, for a total transaction of £49,591.48 ($62,059.17). Company insiders own 4.50% of the company’s stock.

discoverIE Group Company Profile

(Get Free Report)

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.