DISCO CORP (OTCMKTS:DSCSY - Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 8,400 shares, a drop of 25.0% from the August 31st total of 11,200 shares. Based on an average trading volume of 153,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 153,800 shares, the days-to-cover ratio is presently 0.1 days.
DISCO Price Performance
Shares of OTCMKTS:DSCSY opened at $36.89 on Tuesday. DISCO has a one year low of $16.10 and a one year high of $37.00. The company has a 50 day moving average of $29.05 and a 200-day moving average of $25.46. The stock has a market cap of $40.00 billion, a price-to-earnings ratio of 49.18 and a beta of 1.49.
DISCO (OTCMKTS:DSCSY - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The firm had revenue of $622.39 million during the quarter, compared to analysts' expectations of $575.52 million. DISCO had a net margin of 30.90% and a return on equity of 26.62%. Equities research analysts anticipate that DISCO will post 0.7 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Macquarie upgraded shares of DISCO from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy".
View Our Latest Stock Report on DSCSY
DISCO Company Profile
(
Get Free Report)
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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