Bruce Thompson Acquires 12,000 Shares of discoverIE Group plc (LON:DSCV) Stock

discoverIE Group plc (LON:DSCV) insider Bruce Thompson acquired 12,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of GBX 544 ($7.04) per share, for a total transaction of £65,280 ($84,439.27).

discoverIE Group Stock Up 4.5 %

Shares of discoverIE Group stock opened at GBX 563 ($7.28) on Friday. The business has a 50-day moving average of GBX 608.18 and a 200-day moving average of GBX 637.37. 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 company has a market capitalization of £545.71 million, a PE ratio of 35.17 and a beta of 1.09. discoverIE Group plc has a 1-year low of GBX 523 ($6.76) and a 1-year high of GBX 788 ($10.19).

Analyst Upgrades and Downgrades

DSCV has been the topic of several research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 950 ($12.29) price objective on shares of discoverIE Group in a research report 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 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.