Disco (OTCMKTS:DSCSY) Shares Gap Down – What’s Next?

Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Thursday. The stock had previously closed at $40.79, but opened at $38.60. Disco shares last traded at $38.3315, with a volume of 2,959 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DSCSY shares. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Disco Price Performance

The firm has a market capitalization of $41.67 billion, a P/E ratio of 44.14 and a beta of 1.56. The business has a 50 day moving average price of $36.79 and a 200 day moving average price of $41.69.

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

Institutional Investors Weigh In On Disco

An institutional investor recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC bought a new position in shares of Disco Corp (OTCMKTS:DSCSY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.