Disco (OTCMKTS:DSCSY) Shares Gap Down – Time to Sell?

Disco Corp (OTCMKTS:DSCSY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $30.61, but opened at $28.75. Disco shares last traded at $30.0950, with a volume of 397,701 shares changing hands.

Analyst Upgrades and Downgrades

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

Disco Trading Down 4.7%

The business has a fifty day moving average price of $31.61 and a 200 day moving average price of $29.41. The firm has a market cap of $31.02 billion, a PE ratio of 37.14 and a beta of 1.55.

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