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

Key Points

• DISCO CORP shares experienced a gap up, opening at $33.60 after a previous close of $32.74, with a last traded price of $33.29 and a trading volume of 173,951 shares.
• Wall Street analysts have shown increased confidence, with Macquarie raising its rating from "hold" to "strong-buy," contributing to a consensus rating of "Buy" for the stock.
• In its latest earnings report, DISCO posted an EPS of $0.15, exceeding expectations, with revenue reaching $622.39 million compared to forecasts of $575.52 million.

DISCO CORP (OTCMKTS:DSCSY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $32.74, but opened at $33.60. DISCO shares last traded at $33.29, with a volume of 173,951 shares.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised DISCO from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

DISCO Price Performance

The stock has a 50-day moving average price of $28.38 and a 200 day moving average price of $24.85. The firm has a market cap of $36.21 billion, a price-to-earnings ratio of 44.52 and a beta of 1.44.

DISCO (OTCMKTS:DSCSY - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. DISCO had a return on equity of 26.62% and a net margin of 30.90%.The business had revenue of $622.39 million for the quarter, compared to analysts' expectations of $575.52 million. As a group, equities research analysts predict that DISCO CORP will post 0.7 earnings per share 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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