Discoverie Group (DSCV)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

687.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 938.00
  • 52 Week Low: 593.00
  • Currency: UK Pounds
  • Shares Issued: 95.46m
  • Volume: 81,706
  • Market Cap: £655.78m

DiscoverIE buys Magnasphere Corp for $22m

By Frank Prenesti

Date: Thursday 22 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Electronics maker discoverIE Group said it had bought US-based Magnasphere Corporation for $22m (£19.1m).
Magnasphere makes magnetic sensors and switches for industrial electronic applications. DiscoverIE said the acquisition is expected to be immediately accretive to group underlying earnings and underlying operating margin.

The business, which is currently majority owned by management, is based in Waukesha, Wisconsin, with manufacturing facilities in Goshen, Indiana.

Revenues for the year to December 31 2021 were $6.8m (£5.7m) with a reported pre-tax profit of $1.9m (£1.6m), and an operating margin of 28%.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

DSCV Market Data

Currency UK Pounds
Share Price 687.00p
Change Today -4.00p
% Change -0.58 %
52 Week High 938.00
52 Week Low 593.00
Volume 81,706
Shares Issued 95.46m
Market Cap £655.78m

DSCV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.45% below the market average75.45% below the market average75.45% below the market average75.45% below the market average75.45% below the market average
58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average58.82% below the sector average
Price Trend
15.07% above the market average15.07% above the market average15.07% above the market average15.07% above the market average15.07% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
53.38% below the market average53.38% below the market average53.38% below the market average53.38% below the market average53.38% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
30.50% above the market average30.50% above the market average30.50% above the market average30.50% above the market average30.50% above the market average
70.59% above the sector average70.59% above the sector average70.59% above the sector average70.59% above the sector average70.59% above the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 2
Sell 1
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DSCV Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 22-Jun-23
Paid 24-Jan-24 01-Aug-23
Amount 3.75p 7.90p

Trades for 19-Apr-2024

Time Volume / Share Price
16:35 26,262 @ 687.00p
16:35 1 @ 687.00p
16:35 134 @ 687.00p
16:35 819 @ 687.00p
16:35 58 @ 687.00p

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