Disco (OTCMKTS:DSCSY) Sees Unusually-High Trading Volume – Here’s Why

Disco Corp (OTCMKTS:DSCSY) shares saw an uptick in trading volume on Friday . 360,827 shares changed hands during trading, an increase of 123% from the previous session’s volume of 161,934 shares.The stock last traded at $29.7575 and had previously closed at $28.90.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Disco Price Performance

The company has a market cap of $32.21 billion, a PE ratio of 38.57 and a beta of 1.55. The company has a 50-day moving average price of $32.15 and a two-hundred day moving average price of $28.93.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. The firm had revenue of $709.55 million for the quarter. Disco had a return on equity of 26.06% and a net margin of 30.85%. On average, equities research analysts anticipate that Disco Corp will post 0.7 earnings per share 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.