discoverIE Group plc (LON:DSCV - Get Free Report) shares rose 15.8% during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as GBX 754 ($9.58) and last traded at GBX 732.92 ($9.31). Approximately 762,190 shares traded hands during mid-day trading, an increase of 263% from the average daily volume of 209,916 shares. The stock had previously closed at GBX 633 ($8.04).
The newly announced dividend which will be paid on Friday, January 24th. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 0.62%. discoverIE Group's dividend payout ratio (DPR) is 7,500.00%.
Analysts Set New Price Targets
A number of brokerages have commented on DSCV. Shore Capital upgraded discoverIE Group to a "hold" rating in a research note on Wednesday. Berenberg Bank reissued a "buy" rating and issued a GBX 950 ($12.07) price target on shares of discoverIE Group in a report on Tuesday, October 15th.
View Our Latest Analysis on DSCV
discoverIE Group Trading Down 0.5 %
The firm has a market cap of £700.42 million, a price-to-earnings ratio of 4,575.00 and a beta of 1.09. The company has a 50-day moving average price of GBX 642.79 and a 200 day moving average price of GBX 666.68. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89.
Insider Transactions at discoverIE Group
In other news, insider Clive Watson acquired 4,126 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of GBX 585 ($7.43) per share, for a total transaction of £24,137.10 ($30,669.76). Also, insider Simon Gibbins acquired 7,822 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average price of GBX 634 ($8.06) per share, with a total value of £49,591.48 ($63,013.32). 4.50% of the stock is currently owned by insiders.
About discoverIE Group
(
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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.
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