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 $37.14, but opened at $34.40. Disco shares last traded at $33.49, with a volume of 10,197 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a research note on Monday, July 27th. Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, Disco presently has a consensus rating of “Strong Buy”.

Disco Stock Performance

The business’s fifty day moving average price is $36.56 and its two-hundred day moving average price is $41.43. The stock has a market capitalization of $35.65 billion, a P/E ratio of 37.76 and a beta of 1.56.

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

Institutional Inflows and Outflows

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