Disco (OTCMKTS:DSCSY) Hits New 52-Week Low – What’s Next?

Disco Co. (OTCMKTS:DSCSY) shares hit a new 52-week low during trading on Friday . The company traded as low as $21.08 and last traded at $21.08, with a volume of 78585 shares. The stock had previously closed at $21.96.

Analysts Set New Price Targets

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

Disco Stock Performance

The business’s 50 day moving average price is $26.86 and its 200 day moving average price is $26.93. The firm has a market cap of $22.85 billion, a price-to-earnings ratio of 28.88 and a beta of 1.03.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.19 EPS for the quarter. Disco had a net margin of 32.04% and a return on equity of 28.36%. Sell-side analysts anticipate that Disco Co. will post 0.7 earnings per share 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.