discoverIE Group (LON:DSCV) Stock Price Up 2.2% – Still a Buy?

discoverIE Group plc (LON:DSCV) traded up 2.2% during trading on Wednesday . The stock traded as high as GBX 568 ($7.33) and last traded at GBX 567 ($7.31). 100,022 shares traded hands during trading, a decline of 73% from the average session volume of 364,642 shares. The stock had previously closed at GBX 555 ($7.16).

Analyst Upgrades and Downgrades

DSCV has been the topic of a number of analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 950 ($12.25) price target on shares of discoverIE Group in a research note on Monday, December 9th. Shore Capital reissued a “hold” rating on shares of discoverIE Group in a research report on Thursday, January 30th.

discoverIE Group Stock Down 6.0 %

The firm has a market cap of £497.25 million, a P/E ratio of 32.04 and a beta of 1.09. The business’s fifty day moving average price is GBX 576.55 and its two-hundred day moving average price is GBX 630.21. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88.

Insider Activity at discoverIE Group

In other discoverIE Group news, insider Clive Watson purchased 175 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of GBX 608 ($7.84) per share, with a total value of £1,064 ($1,372.55). Also, insider Bruce Thompson acquired 12,000 shares of discoverIE Group stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of GBX 544 ($7.02) per share, for a total transaction of £65,280 ($84,210.53). Insiders acquired a total of 17,175 shares of company stock worth $9,349,400 in the last 90 days. 4.50% of the stock is owned by company insiders.

About discoverIE Group

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.