discoverIE Group plc (LON:DSCV) Insider Simon Gibbins Purchases 4,237 Shares

discoverIE Group plc (LON:DSCV) insider Simon Gibbins bought 4,237 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of GBX 683 ($8.66) per share, with a total value of £28,938.71 ($36,710.28).

discoverIE Group Stock Performance

LON:DSCV opened at GBX 675 ($8.56) on Friday. 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 company’s 50-day moving average price is GBX 721.64 and its 200-day moving average price is GBX 731.08. discoverIE Group plc has a twelve month low of GBX 586 ($7.43) and a twelve month high of GBX 900 ($11.42). The company has a market cap of £646.99 million, a P/E ratio of 3,068.18 and a beta of 1.05.

discoverIE Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be paid a dividend of GBX 8.25 ($0.10) per share. The ex-dividend date is Thursday, June 27th. This is an increase from discoverIE Group’s previous dividend of $3.75. This represents a yield of 1.11%. discoverIE Group’s payout ratio is 5,454.55%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DSCV shares. Shore Capital reaffirmed a “hold” rating on shares of discoverIE Group in a report on Thursday, April 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,030 ($13.07) price objective on shares of discoverIE Group in a research note on Monday, June 17th.

discoverIE Group Company Profile

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.