Disco (OTCMKTS:DSCSY) Reaches New 1-Year Low – Here’s Why

Shares of Disco Co. (OTCMKTS:DSCSY) hit a new 52-week low on Thursday . The company traded as low as $19.08 and last traded at $19.16, with a volume of 339509 shares traded. The stock had previously closed at $20.41.

Analyst Upgrades and Downgrades

Separately, Nomura Securities upgraded Disco to a “hold” rating in a report on Friday, February 21st.

Disco Stock Down 6.3 %

The firm’s 50-day moving average is $26.21 and its 200-day moving average is $26.84. The company has a market cap of $20.72 billion, a PE ratio of 26.19 and a beta of 1.03.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. As a group, equities research analysts anticipate that Disco Co. will post 0.7 EPS for the current fiscal year.

Disco Company Profile

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.