DISCO (OTCMKTS:DSCSY) Stock Price Down 3.9% - Should You Sell?

Key Points

• Disco Corp's stock price dropped by 3.9% to $27.78, with significantly low trading volume at just 1,226 shares compared to the usual 168,129 shares.
• Despite the recent stock decline, Macquarie upgraded Disco's rating from "hold" to "strong-buy", and the consensus rating remains at "buy".
• For its recent quarter, Disco reported earnings per share of $0.15, exceeding expectations, along with a revenue of $622.39 million, which also surpassed estimates of $575.52 million.

DISCO CORP (OTCMKTS:DSCSY - Get Free Report) shares were down 3.9% during trading on Friday . The stock traded as low as $27.15 and last traded at $27.78. Approximately 1,226 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 168,129 shares. The stock had previously closed at $28.90.

Analyst Upgrades and Downgrades

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

DISCO Price Performance

The company has a 50-day simple moving average of $28.09 and a 200-day simple moving average of $24.48. The firm has a market cap of $33.40 billion, a PE ratio of 41.07 and a beta of 1.44.

DISCO (OTCMKTS:DSCSY - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates 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.