Disco (OTCMKTS:DSCSY) Trading Down 8.1% - What's Next?

Key Points

• DISCO CORP's stock price fell by 8.1% to $25.19, with trading volume significantly down by 99% compared to average levels.
• Despite the decline, Macquarie upgraded DISCO from a "hold" to a "strong-buy" rating, which indicates positive growth outlook from analysts.
• In its latest earnings report, DISCO exceeded expectations with an EPS of $0.15 and revenue of $622.39 million, surpassing consensus estimates.

Disco Corp (OTCMKTS:DSCSY - Get Free Report)'s stock price traded down 8.1% during mid-day trading on Tuesday . The stock traded as low as $25.19 and last traded at $25.19. 1,318 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 171,867 shares. The stock had previously closed at $27.42.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised shares of Disco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 9th. One equities 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.com, the stock currently has an average rating of "Buy".

Disco Stock Down 0.4%

The business's 50 day moving average is $28.29 and its two-hundred day moving average is $24.52. The firm has a market capitalization of $28.00 billion, a P/E ratio of 34.43 and a beta of 1.44.

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 return on equity of 26.62% and a net margin of 30.90%.The firm had revenue of $622.39 million for the quarter, compared to analysts' expectations of $575.52 million. As a group, equities analysts anticipate that Disco Corp will post 0.7 earnings per share for the current fiscal year.

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.