Disco (OTCMKTS:DSCSY) Issues Earnings Results

Disco (OTCMKTS:DSCSY) released its earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, Zacks reports. Disco had a net margin of 29.12% and a return on equity of 27.79%.

Disco Stock Down 11.1 %

Shares of OTCMKTS DSCSY opened at $30.44 on Friday. The firm’s 50-day moving average price is $27.84 and its two-hundred day moving average price is $28.39. Disco has a 52-week low of $23.09 and a 52-week high of $42.93. The stock has a market capitalization of $32.99 billion, a P/E ratio of 47.56 and a beta of 1.07.

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.