Disco (OTCMKTS:DSCSY) Shares Gap Down – Time to Sell?

Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Tuesday. The stock had previously closed at $29.24, but opened at $27.60. Disco shares last traded at $28.29, with a volume of 23,244 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have commented on DSCSY. Zacks Research upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Disco Price Performance

The stock has a market capitalization of $30.66 billion, a P/E ratio of 30.05 and a beta of 1.67. The company’s 50 day simple moving average is $34.18 and its two-hundred day simple moving average is $41.39.

Disco (OTCMKTS:DSCSY) last posted its earnings results on Thursday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter. Disco had a net margin of 32.04% and a return on equity of 27.68%. The company had revenue of $897.04 million during the quarter. On average, research analysts anticipate that Disco Corp will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Disco

A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Disco Corp (OTCMKTS:DSCSY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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