Discoverie Group (DSCV)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

640.00p
   
  • Change Today:
    -22.00p
  • 52 Week High: 790.00
  • 52 Week Low: 572.00
  • Currency: UK Pounds
  • Shares Issued: 96.36m
  • Volume: 220,590
  • Market Cap: £616.68m
  • Beta: 1.34

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 640.00p
Change Today -22.00p
% Change -3.32 %
52 Week High 790.00
52 Week Low 572.00
Volume 220,590
Shares Issued 96.36m
Market Cap £616.68m
Beta 1.34

DSCV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.84% below the market average77.84% below the market average77.84% below the market average77.84% below the market average77.84% below the market average
77.14% below the sector average77.14% below the sector average77.14% below the sector average77.14% below the sector average77.14% below the sector average
Price Trend
35.3% below the market average35.3% below the market average35.3% below the market average35.3% below the market average35.3% below the market average
24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average
Income
37.21% below the market average37.21% below the market average37.21% below the market average37.21% below the market average37.21% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
17.78% below the market average17.78% below the market average17.78% below the market average17.78% below the market average17.78% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 3
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
  Final Interim
Ex-Div 27-Jun-24 14-Dec-23
Paid 02-Aug-24 24-Jan-24
Amount 8.25p 3.75p

Trades for 21-Nov-2024

Time Volume / Share Price
16:49 2,287 @ 640.00p
16:35 36,535 @ 640.00p
16:35 1 @ 640.00p
16:35 1,079 @ 640.00p
16:35 98 @ 640.00p

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