discoverIE Group (LON:DSCV) Rating Reiterated by Shore Capital

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating restated by stock analysts at Shore Capital in a research note issued to investors on Thursday, MarketBeat Ratings reports.

discoverIE Group Stock Performance

discoverIE Group stock opened at GBX 687 ($8.55) on Thursday. The stock has a market cap of £658.49 million, a price-to-earnings ratio of 2,986.96 and a beta of 1.04. The company has a debt-to-equity ratio of 82.83, a current ratio of 1.50 and a quick ratio of 0.96. The firm has a 50 day simple moving average of GBX 713.03 and a 200-day simple moving average of GBX 702.56. discoverIE Group has a 1-year low of GBX 586 ($7.29) and a 1-year high of GBX 958 ($11.93).

Insider Buying and Selling

In other discoverIE Group news, insider Bruce Thompson purchased 4,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of GBX 672 ($8.37) per share, for a total transaction of £26,880 ($33,461.97). In other news, insider Clive Watson acquired 3,693 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of GBX 670 ($8.34) per share, with a total value of £24,743.10 ($30,801.82). Also, insider Bruce Thompson acquired 4,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average cost of GBX 672 ($8.37) per share, with a total value of £26,880 ($33,461.97). 4.16% of the stock is owned by corporate insiders.

discoverIE Group Company Profile

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.