Disco (OTCMKTS:DSCSY) Stock Falls 6.8% – Here’s Why

Disco Corp (OTCMKTS:DSCSY) was down 6.8% during mid-day trading on Wednesday. The stock traded as low as $37.51 and last traded at $37.5805. 4,315 shares were traded during trading, a decline of 99% from the average daily volume of 290,981 shares. The stock had previously closed at $40.31.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Disco Stock Performance

The company’s fifty day moving average is $36.84 and its 200-day moving average is $41.67. The company has a market capitalization of $40.85 billion, a PE ratio of 43.26 and a beta of 1.56.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share for the quarter. The business had revenue of $717.28 million for the quarter. Disco had a net margin of 31.65% and a return on equity of 26.03%. On average, sell-side analysts expect that Disco Corp will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC bought a new position in Disco Corp (OTCMKTS:DSCSY) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is currently owned by institutional investors.

Disco Company Profile

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.