discoverIE Group (LON:DSCV) Sets New 12

discoverIE Group plc (LON:DSCV - Get Rating)'s stock price reached a new 52-week high on Thursday after the company announced a dividend. The stock traded as high as GBX 948 ($11.79) and last traded at GBX 944 ($11.74), with a volume of 10856 shares trading hands. The stock had previously closed at GBX 913 ($11.35).The newly announced dividend which will be paid on Tuesday, August 1st. Stockholders of record on Thursday, June 22nd will be given a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a dividend yield of 0.99%. This is a positive change from discoverIE Group's previous dividend of $3.55. discoverIE Group's dividend payout ratio is currently 6,111.11%.

DSCV has been the topic of several recent research reports. Shore Capital reissued a "hold" rating on shares of discoverIE Group in a report on Wednesday. Berenberg Bank reiterated a "buy" rating and set a GBX 1,030 ($12.80) target price on shares of discoverIE Group in a research report on Wednesday, April 19th.

The company has a market capitalization of £901.55 million, a P/E ratio of 5,072.22 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 32.42. The stock has a fifty day simple moving average of GBX 794.05 and a 200-day simple moving average of GBX 794.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider discoverIE Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and discoverIE Group wasn't on the list.

While discoverIE Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat's analysts have just released their top five short plays for June 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.