Disco Co. (OTCMKTS:DSCSY – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 35,200 shares, an increase of 450.0% from the August 31st total of 6,400 shares. Based on an average trading volume of 338,900 shares, the days-to-cover ratio is currently 0.1 days.
Disco Stock Performance
OTCMKTS:DSCSY traded down $1.74 on Friday, hitting $25.79. 52,271 shares of the stock were exchanged, compared to its average volume of 110,084. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 50.98 and a beta of 1.12. Disco has a 52 week low of $16.66 and a 52 week high of $42.93. The company’s 50-day moving average price is $28.11 and its 200 day moving average price is $33.46.
Disco (OTCMKTS:DSCSY – Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The company reported $0.14 earnings per share for the quarter. Disco had a net margin of 28.29% and a return on equity of 26.19%. The business had revenue of $531.13 million for the quarter, compared to analyst estimates of $535.35 million. As a group, equities research analysts predict that Disco will post 0.79 earnings per share for the current year.
Disco Company Profile
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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