Disco (OTCMKTS:DSCSY) Issues Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) posted its earnings results on Wednesday. The company reported $0.22 EPS for the quarter, Zacks reports. Disco had a net margin of 30.85% and a return on equity of 26.06%.

Disco Trading Up 4.9%

OTCMKTS:DSCSY traded up $1.81 during mid-day trading on Wednesday, reaching $38.59. The company’s stock had a trading volume of 123,490 shares, compared to its average volume of 254,668. The firm’s fifty day moving average price is $31.29 and its two-hundred day moving average price is $30.78. Disco has a 12-month low of $16.10 and a 12-month high of $38.75. The stock has a market cap of $41.85 billion, a P/E ratio of 50.12 and a beta of 1.54.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Disco from a “strong sell” rating to a “hold” rating in a 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 data from MarketBeat.com, Disco currently has an average rating of “Moderate Buy”.

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.