discoverIE Group (LON:DSCV) Trading 1.3% Higher - Still a Buy?

discoverIE Group plc (LON:DSCV - Get Free Report)'s stock price was up 1.3% during mid-day trading on Tuesday . The company traded as high as GBX 716 ($8.96) and last traded at GBX 715 ($8.95). Approximately 27,404 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 209,375 shares. The stock had previously closed at GBX 706 ($8.83).

Analyst Upgrades and Downgrades

DSCV has been the subject of a number of research analyst reports. Shore Capital raised shares of discoverIE Group to a "hold" rating in a research note on Wednesday, December 4th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 950 ($11.89) price target on shares of discoverIE Group in a research note on Monday, December 9th.

discoverIE Group Stock Up 1.3 %

The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. The firm has a 50-day moving average of GBX 685.37 and a 200 day moving average of GBX 663.17. The stock has a market capitalization of £685.97 million, a price-to-earnings ratio of 4,468.75 and a beta of 1.09.

discoverIE Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be paid a GBX 3.90 ($0.05) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 0.62%. discoverIE Group's dividend payout ratio (DPR) is presently 7,500.00%.

Insider Activity at discoverIE Group

In other discoverIE Group news, insider Simon Gibbins bought 7,822 shares of discoverIE Group stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of GBX 634 ($7.93) per share, for a total transaction of £49,591.48 ($62,059.17). Company insiders own 4.50% of the company's stock.

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.

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