discoverIE Group plc to Issue Dividend of GBX 3.90 (LON:DSCV)

discoverIE Group plc (LON:DSCV) declared a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 12th will be paid a dividend of GBX 3.90 ($0.05) per share on Friday, January 24th. This represents a yield of 0.62%. The ex-dividend date is Thursday, December 12th. The official announcement can be accessed at this link.

discoverIE Group Trading Up 17.7 %

Shares of DSCV stock traded up GBX 112 ($1.42) during mid-day trading on Tuesday, reaching GBX 745 ($9.43). 675,889 shares of the stock traded hands, compared to its average volume of 209,550. The company has a market cap of £714.75 million, a price-to-earnings ratio of 4,650.00 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89. The stock’s fifty day simple moving average is GBX 639.82 and its two-hundred day simple moving average is GBX 666.71. discoverIE Group has a 1-year low of GBX 561 ($7.10) and a 1-year high of GBX 816 ($10.33).

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 950 ($12.02) target price on shares of discoverIE Group in a research report on Tuesday, October 15th. Shore Capital reissued a “sell” rating on shares of discoverIE Group in a research note on Tuesday, October 15th.

Insider Buying and Selling

In other news, insider Simon Gibbins bought 7,822 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average price of GBX 634 ($8.02) per share, for a total transaction of £49,591.48 ($62,766.08). Also, insider Clive Watson purchased 4,126 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of GBX 585 ($7.40) per share, with a total value of £24,137.10 ($30,549.42). 4.50% of the stock is owned by 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.