Insider Buying: discoverIE Group plc (LON:DSCV) Insider Purchases 252 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Clive Watson acquired 252 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of GBX 623 ($7.95) per share, with a total value of £1,569.96 ($2,004.55).

discoverIE Group Stock Up 0.0 %

LON DSCV opened at GBX 633.16 ($8.08) on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89. discoverIE Group plc has a 52 week low of GBX 586 ($7.48) and a 52 week high of GBX 816 ($10.42). The firm has a market capitalization of £607.45 million, a price-to-earnings ratio of 3,956.25 and a beta of 1.10. The company has a fifty day moving average of GBX 691.45 and a two-hundred day moving average of GBX 713.90.

discoverIE Group Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, June 27th were issued a dividend of GBX 8.25 ($0.11) per share. This represents a yield of 1.11%. This is an increase from discoverIE Group’s previous dividend of $3.75. The ex-dividend date of this dividend was Thursday, June 27th. discoverIE Group’s dividend payout ratio is presently 7,500.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on DSCV. Shore Capital reissued a “hold” rating on shares of discoverIE Group in a report on Thursday, April 18th. Berenberg Bank reissued a “buy” rating and set a GBX 1,030 ($13.15) price objective on shares of discoverIE Group in a research note on Monday, June 17th.

discoverIE Group Company Profile

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.