Disco (OTCMKTS:DSCSY) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Shares of Disco Corp (OTCMKTS:DSCSY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $25.82, but opened at $25.05. Disco shares last traded at $25.67, with a volume of 19,636 shares changing hands.

Analysts Set New Price Targets

Separately, Macquarie raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on Disco

Disco Price Performance

The company’s 50 day simple moving average is $28.29 and its 200 day simple moving average is $24.48. The company has a market capitalization of $27.87 billion, a PE ratio of 34.27 and a beta of 1.44.

Disco (OTCMKTS:DSCSY – Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Disco had a net margin of 30.90% and a return on equity of 26.62%. The company had revenue of $622.39 million during the quarter, compared to the consensus estimate of $575.52 million. On average, equities analysts forecast that Disco Corp will post 0.7 EPS for the current year.

About Disco

(Get Free Report)

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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