Disco (OTCMKTS:DSCSY) Shares Down 6.6% – Here’s Why

Disco Corp (OTCMKTS:DSCSY)’s stock price fell 6.6% during mid-day trading on Tuesday . The company traded as low as $26.33 and last traded at $27.07. 685,580 shares traded hands during trading, an increase of 325% from the average session volume of 161,265 shares. The stock had previously closed at $28.97.

Analyst Ratings Changes

Separately, Zacks Research upgraded Disco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Disco Price Performance

The firm has a fifty day moving average of $32.80 and a two-hundred day moving average of $28.74. The stock has a market capitalization of $29.92 billion, a P/E ratio of 35.83 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.71%. The company had revenue of $709.55 million for the quarter. As a group, sell-side analysts forecast that Disco Corp will post 0.7 EPS for the current fiscal year.

About Disco

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment.