discoverIE Group (LON:DSCV) Reaches New 52-Week Low – Here’s What Happened

Shares of discoverIE Group plc (LON:DSCV) reached a new 52-week low during trading on Monday . The company traded as low as GBX 395 ($5.16) and last traded at GBX 595 ($7.77), with a volume of 72598 shares. The stock had previously closed at GBX 594 ($7.76).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “sell” rating on shares of discoverIE Group in a report on Tuesday.

discoverIE Group Price Performance

The stock has a 50 day moving average of GBX 612.12 and a 200-day moving average of GBX 682.86. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. The stock has a market capitalization of £614.02 million, a P/E ratio of 4,012.50 and a beta of 1.09.

Insider Activity

In related news, insider Simon Gibbins purchased 5,005 shares of discoverIE Group stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of GBX 612 ($7.99) per share, with a total value of £30,630.60 ($39,998.17). In other news, insider Simon Gibbins purchased 5,005 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of GBX 612 ($7.99) per share, for a total transaction of £30,630.60 ($39,998.17). Also, insider Clive Watson acquired 4,126 shares of discoverIE Group stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of GBX 585 ($7.64) per share, for a total transaction of £24,137.10 ($31,518.80). Over the last ninety days, insiders purchased 17,205 shares of company stock valued at $10,592,914. 4.50% of the stock is currently owned by company insiders.

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.