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

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Tuesday . The stock had previously closed at $55.39, but opened at $49.88. Disco shares last traded at $50.3550, with a volume of 140,607 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Disco currently has an average rating of “Buy”.

Disco Stock Performance

The firm has a market capitalization of $54.62 billion, a price-to-earnings ratio of 61.40 and a beta of 1.54. The business has a 50 day simple moving average of $45.69 and a 200-day simple moving average of $41.87.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. Disco had a net margin of 30.95% and a return on equity of 25.27%. The firm had revenue of $848.13 million for the quarter, compared to analysts’ expectations of $771.53 million. Equities analysts predict that Disco Corp will post 1.05 earnings per share 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.