Disco (OTCMKTS:DSCSY) Shares Gap Up - What's Next?

Disco Corp (OTCMKTS:DSCSY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $24.95, but opened at $26.40. Disco shares last traded at $26.06, with a volume of 87,877 shares changing hands.

Disco Trading Up 8.0%

The company has a market cap of $32.16 billion, a price-to-earnings ratio of 40.08 and a beta of 1.28. The stock has a 50-day simple moving average of $22.60 and a 200-day simple moving average of $24.68.

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