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

Disco Corp (OTCMKTS:DSCSY) shares gapped up before the market opened on Thursday . The stock had previously closed at $35.99, but opened at $38.75. Disco shares last traded at $37.80, with a volume of 5,639 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Disco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Disco currently has a consensus rating of “Moderate Buy”.

Disco Price Performance

The firm has a 50 day simple moving average of $30.83 and a 200-day simple moving average of $30.53. The company has a market cap of $41.16 billion, a price-to-earnings ratio of 49.29 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last posted 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 company had revenue of $709.55 million during the quarter. Research analysts anticipate that Disco Corp will post 0.7 EPS for the current fiscal 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.