Disco (OTCMKTS:DSCSY) Reaches New 1-Year Low – Time to Sell?

Disco Corp (OTCMKTS:DSCSY – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $25.40 and last traded at $25.40, with a volume of 8,601 shares traded. The stock had previously closed at $31.21.

Analysts Set New Price Targets

A number of analysts have recently commented on DSCSY shares. Jefferies Financial Group upgraded Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Zacks Research upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Disco presently has an average rating of “Strong Buy”.

Get Our Latest Stock Analysis on Disco

Disco Stock Up 13.0%

The stock has a market cap of $28.45 billion, a price-to-earnings ratio of 27.89 and a beta of 1.67. The company’s 50-day simple moving average is $34.32 and its 200-day simple moving average is $41.45.

Disco (OTCMKTS:DSCSY – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.27 earnings per share for the quarter. Disco had a net margin of 32.04% and a return on equity of 27.68%. The firm had revenue of $897.04 million for the quarter. As a group, analysts expect that Disco Corp will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Disco

An institutional investor recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC bought a new stake in shares of Disco Corp (OTCMKTS:DSCSY – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is currently owned by institutional investors.

Disco Company Profile

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Further Reading

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