discoverIE Group (LON:DSCV) Shares Down 2.1% – Time to Sell?

discoverIE Group plc (LON:DSCV) fell 2.1% during mid-day trading on Tuesday . The company traded as low as GBX 691 ($8.52) and last traded at GBX 691 ($8.52). 101,101 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 666,355 shares. The stock had previously closed at GBX 706 ($8.70).

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DSCV. Shore Capital upgraded shares of discoverIE Group to a “hold” rating in a research report on Wednesday, December 4th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($11.71) price objective on shares of discoverIE Group in a report on Monday, December 9th.

discoverIE Group Price Performance

The firm has a market cap of £662.95 million, a P/E ratio of 4,318.75 and a beta of 1.09. The company has a debt-to-equity ratio of 77.89, a current ratio of 1.55 and a quick ratio of 0.96. The company’s 50-day moving average is GBX 683.73 and its two-hundred day moving average is GBX 660.98.

discoverIE Group (LON:DSCV) last issued 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 5.12%. Sell-side analysts anticipate that discoverIE Group plc will post 37.5 EPS for the current fiscal year.

discoverIE Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be paid a GBX 3.90 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 0.62%. discoverIE Group’s payout ratio is 7,500.00%.

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.