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

Disco Corp (OTCMKTS:DSCSY) shares gapped down prior to trading on Monday . The stock had previously closed at $49.45, but opened at $46.99. Disco shares last traded at $47.17, with a volume of 45,381 shares traded.

Wall Street Analysts Forecast Growth

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

Disco Stock Down 5.1%

The company has a market capitalization of $50.90 billion, a price-to-earnings ratio of 57.22 and a beta of 1.63. The business’s 50-day moving average is $44.51 and its 200-day moving average is $38.75.

Disco (OTCMKTS:DSCSY) last announced 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 analysts’ expectations of $771.53 million. Disco had a return on equity of 26.03% and a net margin of 30.95%. As a group, analysts expect that Disco Corp will post 1.07 EPS 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.