DISCO (OTCMKTS:DSCSY) Shares Gap Up - Time to Buy?

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.

Shares of DISCO CORP (OTCMKTS:DSCSY - Get Free Report) gapped up prior to trading 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 traded.

Analyst Upgrades and Downgrades

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 stock has a market cap of $30.60 billion, a PE ratio of 37.63 and a beta of 1.36. The firm's 50 day moving average price is $27.53 and its two-hundred day moving average price is $24.87.

DISCO (OTCMKTS:DSCSY - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $622.39 million for the quarter, compared to analysts' expectations of $575.52 million. DISCO had a net margin of 30.90% and a return on equity of 26.62%. 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.