Disco (OTCMKTS:DSCSY) Reaches New 12-Month Low - Here's Why

Disco Co. (OTCMKTS:DSCSY - Get Free Report)'s share price 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 changing hands. The stock had previously closed at $20.41.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised shares of Disco to a "hold" rating in a research report on Friday, February 21st.

Disco Trading Up 1.7 %

The stock has a market cap of $18.72 billion, a price-to-earnings ratio of 23.66 and a beta of 1.23. The firm has a fifty day simple moving average of $25.03 and a 200 day simple moving average of $26.59.

Disco (OTCMKTS:DSCSY - Get Free Report) last issued its earnings results on Thursday, January 23rd. The company reported $0.19 EPS for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. On average, equities analysts expect that Disco Co. 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.