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

DISCO CORP (OTCMKTS:DSCSY) gapped down before the market opened on Friday . The stock had previously closed at $33.42, but opened at $31.80. DISCO shares last traded at $31.29, with a volume of 9,158 shares trading hands.

Analysts Set New Price Targets

Separately, Macquarie upgraded shares of DISCO from a “hold” rating to a “strong-buy” rating in a research note 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. According to MarketBeat, DISCO currently has an average rating of “Buy”.

DISCO Trading Down 6.6%

The company has a market capitalization of $33.84 billion, a P/E ratio of 41.60 and a beta of 1.44. The stock’s 50-day moving average price is $28.52 and its 200-day moving average price is $25.01.

DISCO (OTCMKTS:DSCSY) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $622.39 million for the quarter, compared to the consensus estimate of $575.52 million. DISCO had a net margin of 30.90% and a return on equity of 26.62%. Sell-side analysts expect that DISCO CORP will post 0.7 earnings per share for the current fiscal 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.