discoverIE Group (LON:DSCV) Upgraded by Shore Capital to “Hold” Rating

discoverIE Group (LON:DSCV) was upgraded by equities researchers at Shore Capital to a “hold” rating in a research note issued on Wednesday,Digital Look reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 950 ($12.04) price objective on shares of discoverIE Group in a research note on Tuesday, October 15th.

discoverIE Group Stock Down 0.3 %

Shares of DSCV opened at GBX 732 ($9.28) on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. discoverIE Group has a 12 month low of GBX 561 ($7.11) and a 12 month high of GBX 816 ($10.34). The firm’s 50 day moving average is GBX 642.79 and its 200-day moving average is GBX 666.68. The stock has a market capitalization of £702.28 million, a PE ratio of 4,575.00 and a beta of 1.09.

Insider Transactions at discoverIE Group

In other discoverIE Group news, insider Simon Gibbins acquired 7,822 shares of discoverIE Group stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of GBX 634 ($8.03) per share, with a total value of £49,591.48 ($62,837.66). 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 ($7.41) per share, for a total transaction of £24,137.10 ($30,584.26). 4.50% of the stock is currently owned by insiders.

About discoverIE Group

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.