Disco (OTCMKTS:DSCSY) Shares Gap Down – Here’s Why

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $31.69, but opened at $30.6001. Disco shares last traded at $30.88, with a volume of 8,182 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Disco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Disco Stock Down 2.4%

The firm has a market capitalization of $33.55 billion, a price-to-earnings ratio of 40.18 and a beta of 1.55. The firm’s 50 day moving average is $32.11 and its 200 day moving average is $29.15.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. The firm had revenue of $709.55 million for the quarter. On average, sell-side analysts predict that Disco Corp will post 0.7 earnings per share 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.