Disco (OTCMKTS:DSCSY) Stock Falls 6.8% – Time to Sell?

Shares of Disco Corp (OTCMKTS:DSCSY) traded down 6.8% during trading on Wednesday. The company traded as low as $37.51 and last traded at $37.5805. Approximately 4,315 shares changed hands during trading, a decline of 99% from the average session volume of 290,981 shares. The stock had previously closed at $40.31.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DSCSY shares. Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Disco Stock Performance

The company has a market capitalization of $41.55 billion, a P/E ratio of 44.01 and a beta of 1.56. The company’s fifty day simple moving average is $36.65 and its 200-day simple moving average is $41.73.

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

Institutional Trading of Disco

A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC purchased a new position in Disco Corp (OTCMKTS:DSCSY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is currently owned by hedge funds and other 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.