Disco (OTCMKTS:DSCSY) Trading Down 8.1% – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY) fell 8.1% during trading on Thursday . The stock traded as low as $38.20 and last traded at $38.20. 1,164,443 shares changed hands during trading, an increase of 285% from the average daily volume of 302,585 shares. The stock had previously closed at $41.56.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Disco currently has an average rating of “Hold”.

Disco Trading Down 8.1%

The stock has a 50 day moving average of $45.29 and a 200-day moving average of $44.26. The stock has a market capitalization of $41.44 billion, a P/E ratio of 46.59 and a beta of 1.50.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%. Research analysts anticipate that Disco Corp will post 1.05 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.