Disco Corp (OTCMKTS:DSCSY – Get Free Report) gapped down prior to trading 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 traded.
Wall Street Analyst Weigh In
DSCSY has been the subject of a number of research analyst reports. Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday. Jefferies Financial Group raised Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.
Read Our Latest Report on DSCSY
Disco Price Performance
Disco (OTCMKTS:DSCSY – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%.The firm had revenue of $717.28 million during the quarter. On average, sell-side analysts forecast that Disco Corp will post 1.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Disco
A hedge fund recently bought a new stake in Disco stock. Azimuth Capital Investment Management LLC bought a new stake in shares of Disco Corp (OTCMKTS:DSCSY – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 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 and hedge funds.
Disco Company Profile
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.
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