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

Disco Corp (OTCMKTS:DSCSY) shares gapped down before the market opened on Tuesday. The stock had previously closed at $29.24, but opened at $27.60. Disco shares last traded at $28.29, with a volume of 23,244 shares changing hands.

Wall Street Analysts Forecast Growth

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

Disco Trading Down 3.4%

The firm’s 50 day moving average is $34.18 and its two-hundred day moving average is $41.39. The firm has a market cap of $30.66 billion, a P/E ratio of 30.05 and a beta of 1.67.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.27 earnings per share (EPS) for the quarter. Disco had a net margin of 32.04% and a return on equity of 27.68%. The firm had revenue of $897.04 million during the quarter. Analysts predict that Disco Corp will post 1.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Disco

An institutional investor recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

About Disco