Disco (OTCMKTS:DSCSY) Shares Gap Down - Here's Why

Disco Corp (OTCMKTS:DSCSY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $29.08, but opened at $27.29. Disco shares last traded at $28.15, with a volume of 617 shares traded.

Disco Stock Performance

The company has a market capitalization of $31.38 billion, a PE ratio of 39.11 and a beta of 1.35. The firm's 50-day simple moving average is $23.78 and its 200 day simple moving average is $24.77.

Disco (OTCMKTS:DSCSY - Get Free Report) last issued its earnings results on Thursday, April 17th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $791.78 million for the quarter, compared to analyst estimates of $725.68 million. Disco had a net margin of 31.51% and a return on equity of 27.83%. As a group, equities analysts anticipate 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.