Shares of DISCO CORP (OTCMKTS:DSCSY - Get Free Report) rose 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 trading, a decline of 92% from the average daily volume of 166,520 shares. The stock had previously closed at $27.86.
Wall Street Analysts Forecast Growth
Separately, Macquarie raised shares of DISCO from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Check Out Our Latest Report on DISCO
DISCO Trading Down 2.0%
The company's 50-day simple moving average is $28.27 and its 200-day simple moving average is $24.64. The stock has a market capitalization of $35.30 billion, a price-to-earnings ratio of 43.40 and a beta of 1.44.
DISCO (OTCMKTS:DSCSY - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. DISCO had a net margin of 30.90% and a return on equity of 26.62%. The company had revenue of $622.39 million during the quarter, compared to analysts' expectations of $575.52 million. On average, equities research analysts expect that DISCO CORP will post 0.7 earnings per share for the current fiscal year.
About DISCO
(
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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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