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

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Thursday . The stock had previously closed at $45.80, but opened at $43.50. Disco shares last traded at $42.7250, with a volume of 113,228 shares trading hands.

Wall Street Analyst Weigh In

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

Disco Trading Down 5.1%

The stock has a market capitalization of $47.15 billion, a P/E ratio of 54.35 and a beta of 1.54. The stock’s 50 day simple moving average is $32.92 and its 200 day simple moving average is $31.38.

Disco (OTCMKTS:DSCSY) last issued its earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $709.53 million for the quarter. Disco had a net margin of 30.86% and a return on equity of 26.21%. On average, sell-side analysts expect that Disco Corp will post 0.7 EPS for the current fiscal year.

About Disco

Disco (OTCMKTS: DSCSY) is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company’s product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco’s products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.