DISCO (OTCMKTS:DSCSY) Shares Gap Up – Here’s What Happened

DISCO CORP (OTCMKTS:DSCSY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $24.95, but opened at $26.40. DISCO shares last traded at $26.06, with a volume of 87,877 shares traded.

DISCO Price Performance

The company has a market cap of $29.07 billion, a price-to-earnings ratio of 36.23 and a beta of 1.28. The stock has a 50 day simple moving average of $22.25 and a two-hundred day simple moving average of $24.66.

DISCO (OTCMKTS:DSCSY) last announced its quarterly earnings data on Thursday, April 17th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. DISCO had a net margin of 31.51% and a return on equity of 27.83%. The firm had revenue of $791.78 million during the quarter, compared to analyst estimates of $725.68 million. As a group, research analysts forecast that DISCO CORP will post 0.7 EPS for the current 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.