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

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $48.70, but opened at $45.8750. Disco shares last traded at $45.28, with a volume of 22,041 shares trading hands.

Wall Street Analysts Forecast Growth

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

Disco Trading Down 7.7%

The stock’s fifty day moving average price is $44.63 and its 200 day moving average price is $37.94. The stock has a market cap of $48.77 billion, a P/E ratio of 56.20 and a beta of 1.60.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. Disco had a net margin of 30.86% and a return on equity of 25.92%. The firm had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. On average, analysts anticipate that Disco Corp will post 0.77 earnings per share 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.