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

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Tuesday . The stock had previously closed at $36.69, but opened at $34.73. Disco shares last traded at $36.42, with a volume of 18,216 shares trading hands.

Wall Street Analyst Weigh In

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

Disco Price Performance

The stock has a 50 day moving average price of $30.66 and a two-hundred day moving average price of $30.43. The company has a market capitalization of $39.16 billion, a price-to-earnings ratio of 46.89 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. The firm had revenue of $709.55 million for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. Sell-side analysts forecast that Disco Corp will post 0.7 EPS for the current fiscal year.

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.