Disco (OTCMKTS:DSCSY) Trading Up 7.4% - Here's Why

Key Points

• Disco Corp (OTCMKTS:DSCSY) shares surged 7.4% during trading, reaching a high of $30.04, despite a significant drop in trading volume.
• Analysts have upgraded Disco's rating from "hold" to "strong-buy", contributing to the stock's positive outlook with a current consensus rating of "Buy".
• The company reported earnings of $0.15 per share, exceeding estimates, along with revenues of $622.39 million for the last quarter.

Disco Corp (OTCMKTS:DSCSY - Get Free Report) shares were up 7.4% during trading on Tuesday . The stock traded as high as $30.04 and last traded at $29.93. Approximately 12,649 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 166,520 shares. The stock had previously closed at $27.86.

Analysts Set New Price Targets

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

Disco Price Performance

The company has a market capitalization of $32.57 billion, a PE ratio of 40.04 and a beta of 1.44. The company has a 50-day moving average of $28.07 and a two-hundred day moving average of $24.44.

Disco (OTCMKTS:DSCSY - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $622.39 million for the quarter, compared to the consensus estimate 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 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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