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

discoverIE Group plc (LON:DSCV) announced a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, December 12th will be given 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 of this dividend is Thursday, December 12th. The official announcement can be accessed at this link.

discoverIE Group Stock Performance

Shares of LON:DSCV opened at GBX 721 ($9.19) on Tuesday. The company has a market capitalization of £691.73 million, a PE ratio of 4,506.25 and a beta of 1.09. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.89. discoverIE Group has a 12-month low of GBX 561 ($7.15) and a 12-month high of GBX 816 ($10.40). The business’s fifty day simple moving average is GBX 652.85 and its 200-day simple moving average is GBX 666.19.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DSCV. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 ($12.11) target price on shares of discoverIE Group in a research note on Tuesday, October 15th. Shore Capital raised shares of discoverIE Group to a “hold” rating in a research report on Wednesday, December 4th.

Insider Transactions at discoverIE Group

In related news, insider Simon Gibbins purchased 7,822 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of GBX 634 ($8.08) per share, for a total transaction of £49,591.48 ($63,214.12). Also, insider Clive Watson purchased 4,126 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was bought at an average cost of GBX 585 ($7.46) per share, with a total value of £24,137.10 ($30,767.50). Insiders own 4.50% of the company’s stock.

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.