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

discoverIE Group plc (LON:DSCV - Get Free Report) insider Clive Watson purchased 175 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were acquired at an average cost of GBX 608 ($7.67) per share, for a total transaction of £1,064 ($1,342.25).

discoverIE Group Trading Down 1.5 %

DSCV traded down GBX 9 ($0.11) during trading on Tuesday, hitting GBX 572 ($7.22). 139,822 shares of the stock traded hands, compared to its average volume of 370,007. The firm has a market capitalization of £554.44 million, a P/E ratio of 35.73 and a beta of 1.09. discoverIE Group plc has a 12-month low of GBX 561 ($7.08) and a 12-month high of GBX 788 ($9.94). The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. The firm has a 50-day moving average of GBX 666.52 and a 200 day moving average of GBX 648.58.

discoverIE Group (LON:DSCV - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) earnings per share for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. Equities research analysts anticipate that discoverIE Group plc will post 37.5 EPS for the current year.

discoverIE Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Stockholders 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 dividend yield of 0.62%. discoverIE Group's dividend payout ratio (DPR) is presently 74.95%.

Wall Street Analysts Forecast Growth

DSCV has been the subject of a number of recent research reports. Berenberg Bank reissued a "buy" rating and issued a GBX 950 ($11.98) target price on shares of discoverIE Group in a research note on Monday, December 9th. Shore Capital reiterated a "hold" rating on shares of discoverIE Group in a research report on Thursday, January 30th.

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.