Insider Buying: discoverIE Group plc (LON:DSCV) Insider Acquires £65,280 in Stock

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

discoverIE Group Trading Up 4.5 %

Shares of DSCV opened at GBX 563 ($7.28) on Friday. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. The firm has a market capitalization of £545.71 million, a P/E ratio of 35.17 and a beta of 1.09. The stock’s fifty day simple moving average is GBX 608.18 and its 200 day simple moving average is GBX 637.37. discoverIE Group plc has a twelve month low of GBX 523 ($6.76) and a twelve month high of GBX 788 ($10.19).

Analyst Ratings Changes

Several brokerages recently weighed in on DSCV. Shore Capital reaffirmed a “hold” rating on shares of discoverIE Group in a research report on Thursday, January 30th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($12.29) target price on shares of discoverIE Group in a research report on Monday, December 9th.

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.