Disco Co. (OTCMKTS:DSCSY - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 80,700 shares, an increase of 1,315.8% from the March 31st total of 5,700 shares. Based on an average daily trading volume, of 567,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's stock are short sold.
Analysts Set New Price Targets
Separately, Nomura Securities raised shares of Disco to a "hold" rating in a research report on Friday, February 21st.
Check Out Our Latest Analysis on DSCSY
Disco Stock Performance
Shares of DSCSY stock traded up $0.75 during trading hours on Thursday, hitting $20.10. 156,720 shares of the company were exchanged, compared to its average volume of 254,071. Disco has a one year low of $16.10 and a one year high of $42.93. The business's 50-day simple moving average is $21.40 and its two-hundred day simple moving average is $25.80. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 27.53 and a beta of 1.23.
Disco (OTCMKTS:DSCSY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $791.78 million for the quarter, compared to analyst estimates of $725.68 million. Disco had a net margin of 32.04% and a return on equity of 28.36%. As a group, analysts anticipate that Disco will post 0.7 EPS for the current fiscal year.
Disco Company Profile
(
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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.
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