Disco (OTCMKTS:DSCSY) Shares Gap Down – Time to Sell?

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $48.11, but opened at $46.3501. Disco shares last traded at $47.30, with a volume of 786 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Disco Stock Performance

The firm has a market capitalization of $54.00 billion, a P/E ratio of 60.71 and a beta of 1.63. The firm has a 50 day simple moving average of $44.54 and a two-hundred day simple moving average of $38.66.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. The company had revenue of $848.13 million during the quarter, compared to analyst estimates of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 26.03%. Sell-side analysts anticipate that Disco Corp will post 1.07 earnings per share for the current 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.