Insider Buying: discoverIE Group plc (LON:DSCV) Insider Buys 7,822 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins acquired 7,822 shares of discoverIE Group stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74).

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

• On Monday, August 5th, Simon Gibbins bought 5,005 shares of discoverIE Group stock. 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).

discoverIE Group Trading Up 5.7 %

DSCV stock traded up GBX 34 ($0.44) on Tuesday, reaching GBX 634 ($8.28). The company’s stock had a trading volume of 393,607 shares, compared to its average volume of 202,153. The firm has a market cap of £608.26 million, a PE ratio of 3,750.00 and a beta of 1.09. The business has a fifty day simple moving average of GBX 612.12 and a two-hundred day simple moving average of GBX 682.86. discoverIE Group plc has a 12-month low of GBX 561 ($7.33) and a 12-month high of GBX 816 ($10.66). The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.96 and a current ratio of 1.55.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,030 ($13.45) target price on shares of discoverIE Group in a report on Monday, June 17th.

About discoverIE Group

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.