Disco (OTCMKTS:DSCSY) Share Price Passes Below Fifty Day Moving Average of $29.35

Shares of Disco Co. (OTCMKTS:DSCSY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $29.35 and traded as low as $25.23. Disco shares last traded at $25.70, with a volume of 120,812 shares traded.

Disco Stock Performance

The business’s 50 day moving average is $29.35 and its 200 day moving average is $33.78. The company has a market capitalization of $27.85 billion, a price-to-earnings ratio of 47.59 and a beta of 1.12.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, July 18th. The company reported $0.14 EPS for the quarter. The company had revenue of $531.13 million during the quarter, compared to analysts’ expectations of $535.35 million. Disco had a net margin of 28.29% and a return on equity of 26.19%. Sell-side analysts predict that Disco Co. will post 0.79 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.