Insider Buying: discoverIE Group plc (LON:DSCV) Insider Buys £30,630.60 in Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins acquired 5,005 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of GBX 612 ($7.82) per share, with a total value of £30,630.60 ($39,144.54).

Simon Gibbins also recently made the following trade(s):

• On Wednesday, June 26th, Simon Gibbins purchased 4,237 shares of discoverIE Group stock. The stock was acquired at an average price of GBX 683 ($8.73) per share, for a total transaction of £28,938.71 ($36,982.38).

discoverIE Group Trading Up 0.2 %

Shares of LON:DSCV opened at GBX 627 ($8.01) on Friday. The company has a market cap of £600.98 million, a PE ratio of 2,850.00 and a beta of 1.05. The company’s 50-day moving average price is GBX 698.35 and its 200 day moving average price is GBX 716.97. discoverIE Group plc has a fifty-two week low of GBX 586 ($7.49) and a fifty-two week high of GBX 816 ($10.43). The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 82.83.

discoverIE Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 2nd. Investors of record on Thursday, June 27th were given a GBX 8.25 ($0.11) dividend. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from discoverIE Group’s previous dividend of $3.75. This represents a yield of 1.11%. discoverIE Group’s dividend payout ratio (DPR) is currently 5,454.55%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Shore Capital restated a “hold” rating on shares of discoverIE Group in a research report on Thursday, April 18th. Berenberg Bank restated a “buy” rating and issued a GBX 1,030 ($13.16) price target on shares of discoverIE Group in a research report on Monday, June 17th.

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.