Disco (OTCMKTS:DSCSY) Shares Gap Down After Analyst Downgrade

Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $29.24, but opened at $27.60. Disco shares last traded at $28.29, with a volume of 23,244 shares traded.

Separately, Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC acquired a new position in Disco Corp (OTCMKTS:DSCSY) during the second quarter, according to the company in 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 owned by hedge funds and other institutional investors.

Disco Stock Up 7.0%

The stock’s fifty day simple moving average is $33.94 and its two-hundred day simple moving average is $41.25. The firm has a market cap of $32.75 billion, a PE ratio of 30.01 and a beta of 1.67.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.27 EPS for the quarter. The firm 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%. On average, equities research analysts anticipate that Disco Corp will post 1.11 earnings per share for the current fiscal year.

Disco Company Profile

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.