Disco (OTCMKTS:DSCSY) Shares Gap Down – Should You Sell?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Thursday. The stock had previously closed at $37.14, but opened at $34.40. Disco shares last traded at $33.49, with a volume of 10,197 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. Zacks Research upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Disco Trading Down 3.8%

The stock’s fifty day moving average price is $36.74 and its two-hundred day moving average price is $41.53. The stock has a market capitalization of $36.89 billion, a P/E ratio of 39.07 and a beta of 1.56.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share for the quarter. Disco had a net margin of 31.65% and a return on equity of 26.03%. The firm had revenue of $717.28 million for the quarter. As a group, analysts expect that Disco Corp will post 1.11 earnings per share for the current fiscal year.

Institutional Trading of Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new stake in shares of Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors own 0.03% of the company’s stock.

About Disco

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.