Discovery (NASDAQ:DISCB) Shares Up 4.9%

Discovery, Inc. (NASDAQ:DISCB) shares shot up 4.9% during trading on Friday . The company traded as high as $40.00 and last traded at $40.00. 1 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 6,360 shares. The stock had previously closed at $38.12.

Separately, TheStreet lowered shares of Discovery from a “b-” rating to a “c” rating in a research note on Wednesday, November 3rd.

The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $20.23 billion, a P/E ratio of 21.28 and a beta of 0.90. The stock’s fifty day simple moving average is $45.31 and its 200-day simple moving average is $53.16.

An institutional investor recently raised its position in Discovery stock. Kessler Investment Group LLC raised its holdings in Discovery, Inc. (NASDAQ:DISCB) by 58.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,099 shares of the company’s stock after purchasing an additional 10,312 shares during the period. Discovery makes up about 1.4% of Kessler Investment Group LLC’s portfolio, making the stock its 22nd largest holding. Kessler Investment Group LLC’s holdings in Discovery were worth $1,794,000 as of its most recent SEC filing. 0.01% of the stock is owned by institutional investors and hedge funds.

Discovery Company Profile (NASDAQ:DISCB)

Discovery, Inc is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks and International Networks. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science.

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