Disco (OTCMKTS:DSCSY) Shares Gap Up - Still a Buy?

Key Points

• Disco Corp's shares opened at $29.05 after closing at $27.91, with a last traded price of $28.02 and a total volume of 2,320 shares.
• Analysts upgraded Disco's rating from "hold" to "strong buy", contributing to a consensus rating of "Buy" based on the latest evaluations.
• The company reported a quarterly earnings per share of $0.15, exceeding estimates and demonstrating a net margin of 30.90% and revenue of $622.39 million.

Disco Corp (OTCMKTS:DSCSY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $27.91, but opened at $29.05. Disco shares last traded at $28.02, with a volume of 2,320 shares changing hands.

Analysts Set New Price Targets

Separately, Macquarie upgraded shares of Disco from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Disco Stock Performance

The stock's fifty day moving average price is $27.88 and its two-hundred day moving average price is $24.79. The company has a market cap of $30.17 billion, a P/E ratio of 37.09 and a beta of 1.36.

Disco (OTCMKTS:DSCSY - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $0.15 earnings per share for the quarter, topping 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 company had revenue of $622.39 million during the quarter, compared to the consensus estimate of $575.52 million. On average, equities research analysts forecast that Disco Corp will post 0.7 EPS for the current 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.

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