discoverIE Group’s (DSCV) “Sell” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their sell rating on shares of discoverIE Group (LON:DSCV) in a research note published on Tuesday, MarketBeat reports.

Separately, Berenberg Bank restated a buy rating and set a GBX 1,030 ($13.45) price target on shares of discoverIE Group in a research note on Monday, June 17th.

discoverIE Group Stock Performance

LON DSCV opened at GBX 634 ($8.28) on Tuesday. The firm has a market cap of £608.26 million, a P/E ratio of 4,012.50 and a beta of 1.09. discoverIE Group has a 52-week low of GBX 561 ($7.33) and a 52-week high of GBX 816 ($10.66). The business’s 50-day moving average price is GBX 612.12 and its 200 day moving average price is GBX 682.86. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89.

Insider Transactions at discoverIE Group

In other discoverIE Group news, insider Simon Gibbins purchased 7,822 shares of discoverIE Group stock in a transaction on Tuesday, October 15th. The shares were bought at an average price of GBX 634 ($8.28) per share, with a total value of £49,591.48 ($64,757.74). In related news, insider Simon Gibbins acquired 7,822 shares of discoverIE Group stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74). Also, insider Clive Watson acquired 4,126 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average price of GBX 585 ($7.64) per share, with a total value of £24,137.10 ($31,518.80). Insiders bought 17,205 shares of company stock valued at $10,592,914 in the last 90 days. 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.