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

Key Points

• Disco Corp shares gapped up from $27.63 to $29.06 before the market opened, signaling positive investor sentiment.
• Analysts at Macquarie upgraded Disco's rating from "hold" to "strong-buy," reflecting confidence in the company's growth potential.
• Disco reported earnings of $0.15 per share, exceeding expectations with revenue of $622.39 million, against estimates of $575.52 million.

Disco Corp (OTCMKTS:DSCSY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $27.63, but opened at $29.06. Disco shares last traded at $29.06, with a volume of 316 shares changing hands.

Analyst Upgrades and Downgrades

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

Disco Stock Performance

The stock's fifty day moving average is $27.78 and its 200 day moving average is $24.86. The stock has a market cap of $31.12 billion, a P/E ratio of 38.27 and a beta of 1.36.

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