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

Key Points

• Disco Corp (OTCMKTS:DSCSY) shares opened significantly higher at $36.21 after closing at $34.58, with a recent trading price of $34.34 and a volume of 10,904 shares.
• Macquarie upgraded Disco from a "hold" to a "strong-buy" rating, with the current consensus rating being "Buy" based on one Strong Buy and one Hold rating from analysts.
• The company holds a market capitalization of $36.94 billion and has a price-to-earnings ratio of 45.41, indicating a high valuation relative to earnings.

Disco Corp (OTCMKTS:DSCSY - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $34.58, but opened at $36.21. Disco shares last traded at $34.34, with a volume of 10,904 shares changing hands.

Wall Street Analyst Weigh In

Separately, Macquarie upgraded Disco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Disco presently has a consensus rating of "Buy".

Disco Trading Down 1.5%

The company has a market capitalization of $36.94 billion, a price-to-earnings ratio of 45.41 and a beta of 1.49. The firm has a 50-day moving average price of $30.44 and a 200-day moving average price of $26.48.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.