discoverIE Group (LON:DSCV) Reaches New 12-Month Low – Here’s What Happened

discoverIE Group plc (LON:DSCV) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 561 ($7.08) and last traded at GBX 565 ($7.13), with a volume of 29256 shares changing hands. The stock had previously closed at GBX 572 ($7.22).

Analysts Set New Price Targets

A number of research analysts have commented on DSCV shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($11.98) target price on shares of discoverIE Group in a research report on Monday, December 9th. Shore Capital restated a “hold” rating on shares of discoverIE Group in a research note on Thursday, January 30th.

discoverIE Group Stock Performance

The stock has a market cap of £543.78 million, a price-to-earnings ratio of 35.04 and a beta of 1.09. The stock’s 50 day moving average is GBX 666.52 and its two-hundred day moving average is GBX 648.58. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88.

discoverIE Group (LON:DSCV) last released its earnings results on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) EPS for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. Analysts anticipate that discoverIE Group plc will post 37.5 earnings per share for the current fiscal year.

discoverIE Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were paid a GBX 3.90 ($0.05) dividend. This represents a dividend yield of 0.62%. The ex-dividend date was Thursday, December 12th. discoverIE Group’s dividend payout ratio (DPR) is 74.95%.

Insider Activity at discoverIE Group

In other discoverIE Group news, insider Clive Watson bought 175 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of GBX 608 ($7.67) per share, for a total transaction of £1,064 ($1,342.25). Company insiders own 4.50% of the company’s stock.

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.