Disco (OTCMKTS:DSCSY) Shares Down 5.2% - Here's What Happened

Disco Co. (OTCMKTS:DSCSY - Get Free Report)'s stock price traded down 5.2% during trading on Friday . The company traded as low as $22.08 and last traded at $22.33. 232,254 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 225,663 shares. The stock had previously closed at $23.55.

Analyst Upgrades and Downgrades

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

Disco Stock Up 0.3%

The company has a 50 day simple moving average of $20.77 and a two-hundred day simple moving average of $25.07. The company has a market capitalization of $24.67 billion, a P/E ratio of 31.16 and a beta of 1.23.

Disco (OTCMKTS:DSCSY - Get Free Report) last released its earnings results on Thursday, April 17th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Disco had a return on equity of 28.36% and a net margin of 32.04%. The firm had revenue of $791.78 million for the quarter, compared to the consensus estimate of $725.68 million. As a group, research analysts expect that Disco Co. will post 0.7 EPS for the current fiscal 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.