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

Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Monday . The stock had previously closed at $28.07, but opened at $27.27. Disco shares last traded at $28.28, with a volume of 19,999 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of 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 company. According to data from MarketBeat.com, Disco has a consensus rating of “Moderate Buy”.

Disco Trading Up 2.7%

The firm has a market cap of $31.28 billion, a PE ratio of 37.45 and a beta of 1.54. The firm’s 50 day simple moving average is $32.77 and its 200 day simple moving average is $28.68.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. Disco had a return on equity of 26.71% and a net margin of 30.85%.The company had revenue of $709.55 million during the quarter. As a group, equities research analysts predict 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.