discoverIE Group (LON:DSCV) Trading Up 1.3% – Still a Buy?

discoverIE Group plc (LON:DSCV) rose 1.3% during mid-day trading on Wednesday . The stock traded as high as GBX 696.39 ($9.07) and last traded at GBX 684 ($8.90). Approximately 177,230 shares changed hands during trading, a decline of 15% from the average daily volume of 208,074 shares. The stock had previously closed at GBX 675 ($8.79).

Analysts Set New Price Targets

Several brokerages have commented on DSCV. Shore Capital reiterated a “sell” rating on shares of discoverIE Group in a report on Tuesday, October 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 950 ($12.37) price objective on shares of discoverIE Group in a research report on Tuesday, October 15th.

discoverIE Group Trading Up 1.3 %

The company has a market cap of £656.23 million, a PE ratio of 4,275.00 and a beta of 1.09. The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.96 and a current ratio of 1.55. The company has a 50 day simple moving average of GBX 622.25 and a two-hundred day simple moving average of GBX 673.83.

Insider Activity 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 ($7.62) per share, for a total transaction of £24,137.10 ($31,420.33). In other discoverIE Group news, insider Simon Gibbins purchased 7,822 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of GBX 634 ($8.25) per share, for a total transaction of £49,591.48 ($64,555.43). Also, insider Clive Watson acquired 4,126 shares of discoverIE Group stock in a transaction that occurred on Thursday, September 12th. The stock was acquired at an average cost of GBX 585 ($7.62) per share, with a total value of £24,137.10 ($31,420.33). Over the last three months, insiders have purchased 12,200 shares of company stock valued at $7,529,854. Corporate insiders own 4.50% of the company’s stock.

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.