discoverIE Group plc (LON:DSCV) Insider Clive Watson Buys 175 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Clive Watson bought 175 shares of the stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of GBX 608 ($7.65) per share, for a total transaction of £1,064 ($1,339.21).

discoverIE Group Stock Performance

Shares of LON:DSCV opened at GBX 588 ($7.40) on Friday. The company’s 50 day simple moving average is GBX 669.32 and its 200 day simple moving average is GBX 650.62. The stock has a market capitalization of £569.95 million, a price-to-earnings ratio of 36.73 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 1 year low of GBX 561 ($7.06) and a 1 year high of GBX 788 ($9.92).

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

discoverIE Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DSCV. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 ($11.96) target price on shares of discoverIE Group in a report on Monday, December 9th. Shore Capital reaffirmed a “hold” rating on shares of discoverIE Group in a 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.