Disco (OTCMKTS:DSCSY) Trading Down 1.9% - What's Next?

Key Points

• Disco Corp's stock declined by 1.9% to a closing price of $27.61, with trading volume dropping 77% below the average, indicating lower investor interest.
• Analyst ratings improved as Macquarie upgraded Disco from "hold" to "strong-buy", suggesting potential for future growth.
• In its latest earnings report, Disco posted $0.15 EPS, exceeding estimates, with revenues of $622.39 million, surpassing analyst expectations of $575.52 million.

Disco Corp (OTCMKTS:DSCSY - Get Free Report)'s share price traded down 1.9% during mid-day trading on Wednesday . The stock traded as low as $27.42 and last traded at $27.61. 18,680 shares changed hands during trading, a decline of 77% from the average session volume of 81,742 shares. The stock had previously closed at $28.14.

Analyst Upgrades and Downgrades

Separately, Macquarie raised shares of Disco from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 9th.

Disco Stock Performance

The company has a market capitalization of $29.94 billion, a PE ratio of 36.81 and a beta of 1.36. The firm has a fifty day simple moving average of $27.00 and a 200-day simple moving average of $24.97.

Disco (OTCMKTS:DSCSY - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The firm had revenue of $622.39 million during the quarter, compared to analyst estimates of $575.52 million. Disco had a return on equity of 26.62% and a net margin of 30.90%. As a group, research analysts anticipate that Disco Corp will post 0.7 EPS 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.

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