Disco (OTCMKTS:DSCSY) Shares Gap Down – What’s Next?

Disco Corp (OTCMKTS:DSCSY – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $40.79, but opened at $38.60. Disco shares last traded at $38.3315, with a volume of 2,959 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in 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 raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Read Our Latest Analysis on DSCSY

Disco Stock Up 2.7%

The firm has a 50 day moving average price of $36.90 and a two-hundred day moving average price of $41.65. The company has a market capitalization of $41.95 billion, a price-to-earnings ratio of 44.44 and a beta of 1.56.

Disco (OTCMKTS:DSCSY – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. The business had revenue of $717.28 million for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%. Analysts predict that Disco Corp will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Disco

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

Disco Company Profile

(Get Free Report)

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.

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