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

Disco Corp (OTCMKTS:DSCSY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $31.05, but opened at $29.05. Disco shares last traded at $29.16, with a volume of 7,881 shares traded.

Analyst Upgrades and Downgrades

Separately, Macquarie raised Disco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 9th.

Disco Trading Down 1.8%

The company has a 50-day moving average price of $25.51 and a two-hundred day moving average price of $24.93. The stock has a market capitalization of $31.00 billion, a P/E ratio of 38.12 and a beta of 1.35.

Disco (OTCMKTS:DSCSY - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Disco had a return on equity of 27.25% and a net margin of 30.90%. The firm had revenue of $622.39 million during the quarter, compared to analyst estimates of $575.52 million. Research analysts forecast that Disco Corp will post 0.7 earnings per share for the current year.

Disco Company Profile

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.