Disco (OTCMKTS:DSCSY) Trading Up 1.2% - Here's Why

Key Points

• Disco Corp's stock price rose by 1.2% to $31.56 during mid-day trading, despite a significant 51% decline in trading volume compared to its average.
• Macquarie upgraded Disco's rating from "hold" to "strong-buy", enhancing the stock's overall average rating to "Buy" based on analyst assessments.
• In its latest earnings report, Disco Corp exceeded expectations with an EPS of $0.15 and reported revenue of $622.39 million, significantly above analyst estimates.

Disco Corp (OTCMKTS:DSCSY - Get Free Report)'s share price was up 1.2% during mid-day trading on Monday . The stock traded as high as $31.78 and last traded at $31.56. Approximately 47,923 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 98,632 shares. The stock had previously closed at $31.20.

Analysts Set New Price Targets

Separately, Macquarie upgraded shares of Disco from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Disco Trading Up 1.2%

The firm has a market capitalization of $34.23 billion, a P/E ratio of 42.08 and a beta of 1.44. The business's 50 day simple moving average is $28.58 and its two-hundred day simple moving average is $25.08.

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 during the quarter, compared to analyst estimates of $575.52 million. Analysts predict that Disco Corp will post 0.7 EPS 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.

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