discoverIE Group plc (LON:DSCV – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 395 ($5.16) and last traded at GBX 595 ($7.77), with a volume of 72598 shares changing hands. The stock had previously closed at GBX 594 ($7.76).
Wall Street Analyst Weigh In
Separately, Shore Capital restated a “sell” rating on shares of discoverIE Group in a research report on Tuesday.
View Our Latest Analysis on DSCV
discoverIE Group Stock Down 0.3 %
Insiders Place Their Bets
In other news, insider Simon Gibbins bought 7,822 shares of the stock in a transaction dated Tuesday, October 15th. The stock was purchased at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74). In related news, insider Clive Watson acquired 4,126 shares of discoverIE Group stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of GBX 585 ($7.64) per share, with a total value of £24,137.10 ($31,518.80). Also, insider Simon Gibbins acquired 7,822 shares of the stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of GBX 634 ($8.28) per share, with a total value of £49,591.48 ($64,757.74). Insiders have bought a total of 17,205 shares of company stock valued at $10,592,914 in the last quarter. 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.
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