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

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $23.20, but opened at $27.08. Disco shares last traded at $27.9150, with a volume of 21,218 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DSCSY shares. Zacks Research cut Disco from a “strong-buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Disco Trading Down 3.5%

The company has a market capitalization of $30.61 billion, a price-to-earnings ratio of 30.01 and a beta of 1.67. The company has a 50 day moving average price of $34.02 and a 200 day moving average price of $41.31.

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

Institutional Investors Weigh In On Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new stake in Disco Corp (OTCMKTS:DSCSY) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 237,250 shares of the company’s stock, valued at approximately $11,862,000. 0.03% of the stock is currently owned by institutional investors.

About Disco

DISCO Corporation develops and manufactures precision processing equipment and tools used in semiconductor and electronic-component production. Its products include grinding, dicing and polishing machines, along with the blades and other consumables used in those processes. The company’s technologies help manufacturers cut, thin and shape semiconductor wafers and other hard, brittle materials. DISCO serves customers in the global semiconductor industry and maintains operations and support for customers in markets around the world.