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

Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Tuesday . The stock had previously closed at $36.69, but opened at $34.73. Disco shares last traded at $36.42, with a volume of 18,216 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Disco Price Performance

The firm has a market cap of $41.09 billion, a P/E ratio of 49.21 and a beta of 1.54. The stock’s 50 day moving average is $30.94 and its two-hundred day moving average is $30.58.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. The firm had revenue of $709.55 million during the quarter. As a group, research analysts forecast that Disco Corp will post 0.7 EPS 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.