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

Key Points

• Disco Corp experienced a gap down in its stock price, opening at $28.50 after closing at $29.77, with shares trading last at $28.96.
• Macquarie upgraded Disco from a "hold" to a "strong-buy" rating, suggesting confidence in the company's future performance.
• In its latest earnings report, Disco exceeded analyst expectations with earnings per share of $0.15 and revenue of $622.39 million, showcasing a net margin of 30.90%.

Disco Corp (OTCMKTS:DSCSY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $29.77, but opened at $28.50. Disco shares last traded at $28.96, with a volume of 5,602 shares traded.

Wall Street Analyst Weigh In

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

Disco Price Performance

The firm has a market cap of $31.36 billion, a PE ratio of 38.56 and a beta of 1.35. The firm has a 50-day simple moving average of $26.59 and a 200 day simple moving average of $24.97.

Disco (OTCMKTS:DSCSY - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $622.39 million during the quarter, compared to analyst estimates of $575.52 million. Disco had a return on equity of 26.62% and a net margin of 30.90%. Sell-side analysts forecast that Disco Corp will post 0.7 earnings per share 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.