Disco (OTCMKTS:DSCSY) Shares Gap Down – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $38.75, but opened at $37.32. Disco shares last traded at $36.44, with a volume of 32,643 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Disco currently has a consensus rating of “Hold”.

Disco Price Performance

The business has a 50 day simple moving average of $45.17 and a 200 day simple moving average of $44.31. The company has a market capitalization of $39.98 billion, a price-to-earnings ratio of 44.94 and a beta of 1.50.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.20 earnings per share for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%.The business had revenue of $717.28 million during the quarter. On average, equities research analysts predict that Disco Corp will post 1.05 EPS 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.