Disco (OTCMKTS:DSCSY) Stock Price Down 3.9% - Time to 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)'s stock price fell 3.9% on Friday . The stock traded as low as $27.15 and last traded at $27.78. 1,226 shares changed hands during trading, a decline of 99% from the average session volume of 168,129 shares. The stock had previously closed at $28.90.

Analysts Set New Price Targets

Separately, Macquarie upgraded 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Disco Stock Performance

The stock has a 50-day simple moving average of $28.11 and a 200 day simple moving average of $24.47. The company has a market cap of $30.04 billion, a P/E ratio of 36.93 and a beta of 1.44.

Disco (OTCMKTS:DSCSY - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $622.39 million during the quarter, compared to the consensus estimate of $575.52 million. Sell-side analysts anticipate that Disco Corp will post 0.7 earnings per share 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.

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.