Disco (OTCMKTS:DSCSY) Trading Down 4.4% – Here’s What Happened

Shares of Disco Corp (OTCMKTS:DSCSY) traded down 4.4% on Wednesday . The company traded as low as $28.50 and last traded at $29.25. 877,531 shares changed hands during trading, an increase of 425% from the average session volume of 167,292 shares. The stock had previously closed at $30.61.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Disco Stock Down 3.7%

The firm has a market cap of $31.36 billion, a PE ratio of 37.55 and a beta of 1.55. The stock has a 50 day moving average price of $31.73 and a two-hundred day moving average price of $29.42.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. The company had revenue of $709.55 million during the quarter. As a group, equities analysts anticipate that Disco Corp will post 0.7 earnings per share for the current 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.