Insider Buying: discoverIE Group plc (LON:DSCV) Insider Buys 5,005 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins bought 5,005 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of GBX 612 ($7.82) per share, with a total value of £30,630.60 ($39,144.54).

Simon Gibbins also recently made the following trade(s):

• On Wednesday, June 26th, Simon Gibbins bought 4,237 shares of discoverIE Group stock. The stock was bought at an average price of GBX 683 ($8.73) per share, with a total value of £28,938.71 ($36,982.38).

discoverIE Group Price Performance

Shares of DSCV stock opened at GBX 627 ($8.01) on Friday. discoverIE Group plc has a 52-week low of GBX 586 ($7.49) and a 52-week high of GBX 816 ($10.43). The company has a debt-to-equity ratio of 82.83, a quick ratio of 0.96 and a current ratio of 1.50. The firm has a market capitalization of £600.98 million, a P/E ratio of 2,850.00 and a beta of 1.05. The stock has a 50 day moving average price of GBX 698.35 and a 200 day moving average price of GBX 716.97.

discoverIE Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, June 27th were paid a dividend of GBX 8.25 ($0.11) per share. This is a positive change from discoverIE Group’s previous dividend of $3.75. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, June 27th. discoverIE Group’s dividend payout ratio (DPR) is currently 5,454.55%.

Analyst Ratings Changes

A number of equities analysts have recently commented on DSCV shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,030 ($13.16) target price on shares of discoverIE Group in a report on Monday, June 17th. Shore Capital reiterated a “hold” rating on shares of discoverIE Group in a report on Thursday, April 18th.

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.