discoverIE Group (LON:DSCV) Stock Price Down 1.1%

discoverIE Group plc (LON:DSCV)’s share price fell 1.1% during trading on Wednesday . The company traded as low as GBX 589 ($7.74) and last traded at GBX 607 ($7.98). 241,940 shares were traded during mid-day trading, an increase of 49% from the average session volume of 162,797 shares. The stock had previously closed at GBX 614 ($8.07).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,030 ($13.54) target price on shares of discoverIE Group in a research note on Monday, June 17th.

discoverIE Group Stock Down 1.1 %

The stock has a market cap of £582.36 million, a P/E ratio of 3,793.75 and a beta of 1.10. The stock’s fifty day simple moving average is GBX 672.73 and its 200-day simple moving average is GBX 701.93. The company has a debt-to-equity ratio of 77.89, a current ratio of 1.55 and a quick ratio of 0.96.

Insider Buying and Selling

In related news, insider Clive Watson bought 252 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of GBX 623 ($8.19) per share, for a total transaction of £1,569.96 ($2,064.38). In other news, insider Clive Watson bought 252 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of GBX 623 ($8.19) per share, for a total transaction of £1,569.96 ($2,064.38). Also, insider Simon Gibbins purchased 5,005 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of GBX 612 ($8.05) per share, for a total transaction of £30,630.60 ($40,276.92). In the last 90 days, insiders have purchased 9,494 shares of company stock valued at $6,113,927. Insiders own 4.47% of the company’s stock.

About discoverIE Group

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.