discoverIE Group (LON:DSCV) Receives Hold Rating from Shore Capital

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating restated by research analysts at Shore Capital in a note issued to investors on Thursday,Digital Look reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 ($11.83) price objective on shares of discoverIE Group in a report on Monday, December 9th.

discoverIE Group Stock Up 1.6 %

Shares of DSCV stock traded up GBX 10 ($0.12) during mid-day trading on Thursday, hitting GBX 641 ($7.98). 159,967 shares of the stock traded hands, compared to its average volume of 492,178. The stock’s fifty day moving average is GBX 681.81 and its two-hundred day moving average is GBX 660.06. The company has a debt-to-equity ratio of 77.89, a current ratio of 1.55 and a quick ratio of 0.96. discoverIE Group has a 52-week low of GBX 561 ($6.98) and a 52-week high of GBX 816 ($10.16). The stock has a market cap of £614.98 million, a P/E ratio of 4,006.25 and a beta of 1.09.

discoverIE Group (LON:DSCV) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 18.40 ($0.23) earnings per share (EPS) for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.12%. Equities analysts predict that discoverIE Group will post 37.5 EPS for the current year.

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.