Disco (OTCMKTS:DSCSY) Shares Gap Down – Should You Sell?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Tuesday . The stock had previously closed at $30.61, but opened at $28.75. Disco shares last traded at $30.0950, with a volume of 397,701 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Disco currently has an average rating of “Moderate Buy”.

Disco Trading Down 1.8%

The stock has a market capitalization of $32.61 billion, a P/E ratio of 39.05 and a beta of 1.55. The business has a 50-day moving average price of $31.83 and a two-hundred day moving average price of $29.37.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. The business had revenue of $709.55 million during the quarter. Disco had a return on equity of 26.06% and a net margin of 30.85%. On average, sell-side analysts forecast that Disco Corp will post 0.7 earnings per share for the current fiscal year.

About Disco

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.