Disco (OTCMKTS:DSCSY) Shares Gap Down – Should You Sell?

by · The Markets Daily

Disco Corp (OTCMKTS:DSCSY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $31.69, but opened at $30.6001. Disco shares last traded at $30.88, with a volume of 8,182 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised 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 assigned a Hold rating to the stock. According to MarketBeat, Disco currently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Report on DSCSY

Disco Price Performance

The company has a market capitalization of $32.75 billion, a price-to-earnings ratio of 39.22 and a beta of 1.55. The firm’s fifty day moving average price is $32.05 and its 200-day moving average price is $29.19.

Disco (OTCMKTS:DSCSY – Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a return on equity of 26.06% and a net margin of 30.85%.The business had revenue of $709.55 million during the quarter. On average, research analysts predict that Disco Corp will post 0.7 earnings per share 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.

Read More