Disco (OTCMKTS:DSCSY) Shares Down 8.8% – What’s Next?

Shares of Disco Corp (OTCMKTS:DSCSY) dropped 8.8% on Wednesday . The stock traded as low as $47.76 and last traded at $47.76. 676,463 shares traded hands during trading, an increase of 131% from the average session volume of 293,226 shares. The stock had previously closed at $52.37.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Disco has a consensus rating of “Buy”.

Disco Stock Performance

The stock has a market capitalization of $48.95 billion, a price-to-earnings ratio of 55.03 and a beta of 1.50. The business has a 50-day moving average of $46.40 and a 200-day moving average of $42.95.

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