discoverIE Group plc (LON:DSCV) Announces Dividend of GBX 3.90

discoverIE Group plc (LON:DSCV) declared a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, December 12th will be paid a dividend of GBX 3.90 ($0.05) per share on Friday, January 24th. This represents a yield of 0.62%. The ex-dividend date is Thursday, December 12th. The official announcement can be seen at this link.

discoverIE Group Trading Down 2.2 %

Shares of DSCV stock opened at GBX 714 ($9.07) on Thursday. discoverIE Group has a 12-month low of GBX 561 ($7.13) and a 12-month high of GBX 816 ($10.37). The company has a market capitalization of £685.01 million, a P/E ratio of 4,562.86 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.89. The firm has a 50-day moving average price of GBX 645.73 and a 200 day moving average price of GBX 667.11.

Insider Activity at discoverIE Group

In other news, insider Clive Watson purchased 4,126 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of GBX 585 ($7.43) per share, with a total value of £24,137.10 ($30,669.76). Also, insider Simon Gibbins purchased 7,822 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of GBX 634 ($8.06) per share, for a total transaction of £49,591.48 ($63,013.32). Corporate insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($12.07) target price on shares of discoverIE Group in a research note on Tuesday, October 15th. Shore Capital upgraded shares of discoverIE Group to a “hold” rating in a research report on Wednesday.

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.