Shore Capital Reaffirms "Hold" Rating for discoverIE Group (LON:DSCV)

Shore Capital reissued their hold rating on shares of discoverIE Group (LON:DSCV - Free Report) in a research note released on Thursday, Marketbeat Ratings reports.

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 950 ($11.67) price objective on shares of discoverIE Group in a research report on Monday, December 9th.

discoverIE Group Trading Down 4.0 %

discoverIE Group stock traded down GBX 26 ($0.32) during trading hours on Thursday, reaching GBX 618 ($7.59). 181,099 shares of the company's stock traded hands, compared to its average volume of 468,113. discoverIE Group has a fifty-two week low of GBX 561 ($6.89) and a fifty-two week high of GBX 788 ($9.68). The firm's 50 day moving average is GBX 681.93 and its 200-day moving average is GBX 658.89. The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.96 and a current ratio of 1.55. The firm has a market capitalization of £592.91 million, a price-to-earnings ratio of 3,862.50 and a beta of 1.09.

discoverIE Group (LON:DSCV - Get Free Report) last released its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) EPS for the quarter. discoverIE Group had a return on equity of 5.12% and a net margin of 3.55%. On average, analysts predict that discoverIE Group will post 37.5 earnings per share for the current year.

discoverIE Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were paid a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 0.62%. discoverIE Group's payout ratio is 7,500.00%.

discoverIE Group Company Profile

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.