Disco (OTCMKTS:DSCSY) Shares Gap Up – What’s Next?

Disco Corp (OTCMKTS:DSCSY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $45.65, but opened at $47.9699. Disco shares last traded at $46.3225, with a volume of 242,119 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Disco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Disco has a consensus rating of “Moderate Buy”.

Disco Trading Up 1.0%

The company has a market cap of $49.99 billion, a PE ratio of 57.63 and a beta of 1.54. The firm has a 50 day moving average of $32.58 and a two-hundred day moving average of $31.28.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, January 21st. The company reported $0.22 EPS for the quarter. The firm had revenue of $709.53 million for the quarter. Disco had a return on equity of 26.21% and a net margin of 30.86%. On average, research analysts forecast that Disco Corp will post 0.7 EPS for the current 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.