Disco (OTCMKTS:DSCSY) Issues Earnings Results

Disco (OTCMKTS:DSCSY) announced its quarterly earnings data on Thursday. The company reported $0.20 earnings per share for the quarter, Zacks reports. Disco had a return on equity of 26.08% and a net margin of 31.65%.The company had revenue of $717.28 million for the quarter.

Disco Trading Down 6.1%

Shares of DSCSY stock opened at $36.37 on Friday. Disco has a twelve month low of $24.94 and a twelve month high of $58.00. The company’s 50-day moving average price is $45.07 and its 200-day moving average price is $44.26. The stock has a market cap of $39.46 billion, a price-to-earnings ratio of 41.81 and a beta of 1.50.

Analysts Set New Price Targets

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

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.