Discovery (NASDAQ:DISCB) Shares Gap Down to $85.50

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Discovery, Inc. (NASDAQ:DISCB)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $85.50, but opened at $83.28. Discovery shares last traded at $85.99, with a volume of 211 shares trading hands.

Separately, TheStreet raised Discovery from a “c+” rating to a “b” rating in a research note on Thursday, January 7th.

The business has a 50 day moving average of $71.35 and a 200-day moving average of $44.01. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $41.91 billion, a P/E ratio of 41.50 and a beta of 0.99.

Discovery (NASDAQ:DISCB) last posted its earnings results on Monday, February 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $2.89 billion during the quarter. Discovery had a return on equity of 20.76% and a net margin of 13.36%.

About Discovery (NASDAQ:DISCB)

Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It operates in two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, HGTV, Food Network, TLC, Animal Planet, Investigation Discovery, Travel Channel, Science, MotorTrend, Discovery en Español, Discovery Familia, Eurosport, TVN, Discovery Kids, Discovery Family, American Heroes Channel, Destination America, Discovery Life, DIY Network, Cooking Channel, Great American Country, ID, the Oprah Winfrey Network, Eurosport, DMAX, and Discovery Home & Health brands, as well as other regional television networks.

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