DISCO (OTCMKTS:DSCSY) Shares Gap Down - Here's What Happened

DISCO CORP (OTCMKTS:DSCSY - Get Free Report) 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.

Wall Street Analysts Forecast Growth

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

DISCO Price Performance

The firm has a market cap of $31.50 billion, a PE ratio of 38.73 and a beta of 1.35. The company has a 50 day simple moving average of $25.66 and a 200-day simple moving average of $24.92.

DISCO (OTCMKTS:DSCSY - Get Free Report) last announced 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. 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 the consensus estimate of $575.52 million. On average, sell-side analysts predict that DISCO CORP will post 0.7 EPS 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.