Disco (OTCMKTS:DSCSY) Releases Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) released its quarterly earnings data on Wednesday. The company reported $0.25 EPS for the quarter, Zacks reports. Disco had a return on equity of 25.92% and a net margin of 30.86%.

Disco Stock Up 6.0%

OTCMKTS DSCSY opened at $48.70 on Thursday. The stock’s 50-day moving average price is $44.63 and its 200-day moving average price is $37.94. Disco has a 52 week low of $18.30 and a 52 week high of $52.99. The company has a market capitalization of $52.83 billion, a P/E ratio of 60.88 and a beta of 1.60.

Analysts Set New Price Targets

Separately, Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Disco Company Profile

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.