Disco (OTCMKTS:DSCSY) Hits New 52-Week Low – Time to Sell?

Disco Co. (OTCMKTS:DSCSY) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.81 and last traded at $23.16, with a volume of 126462 shares. The stock had previously closed at $24.29.

Wall Street Analyst Weigh In

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

Disco Stock Performance

The company has a market cap of $25.10 billion, a PE ratio of 31.72 and a beta of 1.07. The firm’s 50 day moving average is $28.86 and its 200-day moving average is $27.58.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.19 earnings per share (EPS) for the quarter. Disco had a return on equity of 28.36% and a net margin of 32.04%. On average, analysts predict that Disco Co. will post 0.7 EPS 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.