Insider Buying: discoverIE Group plc (LON:DSCV) Insider Acquires £1,064 in Stock

discoverIE Group plc (LON:DSCV) insider Clive Watson bought 175 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of GBX 608 ($7.65) per share, with a total value of £1,064 ($1,338.53).

discoverIE Group Price Performance

Shares of discoverIE Group stock opened at GBX 588 ($7.40) on Monday. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. The stock has a market capitalization of £569.95 million, a price-to-earnings ratio of 36.73 and a beta of 1.09. discoverIE Group plc has a 1-year low of GBX 561 ($7.06) and a 1-year high of GBX 788 ($9.91). The firm’s 50-day moving average price is GBX 669.32 and its two-hundred day moving average price is GBX 649.59.

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

discoverIE Group Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on DSCV. Berenberg Bank reissued a “buy” rating and set a GBX 950 ($11.95) target price on shares of discoverIE Group in a research report on Monday, December 9th. Shore Capital reissued a “hold” rating on shares of discoverIE Group in a research note 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.