Disco (OTCMKTS:DSCSY) Announces Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) issued its quarterly earnings data on Wednesday. The company reported $0.22 EPS for the quarter, Zacks reports. Disco had a net margin of 30.85% and a return on equity of 26.06%.

Disco Price Performance

OTCMKTS:DSCSY traded up $1.81 during trading hours on Wednesday, hitting $38.59. 123,490 shares of the company were exchanged, compared to its average volume of 254,668. Disco has a 52-week low of $16.10 and a 52-week high of $38.75. The stock has a market capitalization of $41.85 billion, a price-to-earnings ratio of 50.12 and a beta of 1.54. The company’s 50 day moving average price is $31.29 and its 200-day moving average price is $30.78.

Wall Street Analysts Forecast Growth

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

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.