Discovery (NASDAQ:DISCB) Shares Gap Down to $41.60

Discovery, Inc. (NASDAQ:DISCB) gapped down before the market opened on Thursday . The stock had previously closed at $41.60, but opened at $38.20. Discovery shares last traded at $38.20, with a volume of 119 shares trading hands.

Separately, TheStreet downgraded shares of Discovery from a “b-” rating to a “c” rating in a report on Wednesday, November 3rd.

The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.11. The company has a market cap of $20.14 billion, a PE ratio of 21.18 and a beta of 0.88. The business’s fifty day moving average is $36.09 and its 200-day moving average is $44.73.

Discovery (NASDAQ:DISCB) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported $0.42 earnings per share (EPS) for the quarter. Discovery had a net margin of 10.42% and a return on equity of 11.62%. The company had revenue of $3.15 billion for the quarter.

Discovery Company Profile (NASDAQ:DISCB)

Discovery, Inc is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks and International Networks. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science.

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