Disco (OTCMKTS:DSCSY) Trading Down 7.9% – What’s Next?

Disco Corp (OTCMKTS:DSCSY) dropped 7.9% on Tuesday . The company traded as low as $45.22 and last traded at $45.55. Approximately 9,638 shares were traded during trading, a decline of 97% from the average daily volume of 299,724 shares. The stock had previously closed at $49.45.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Disco Trading Down 5.7%

The firm has a market cap of $48.20 billion, a price-to-earnings ratio of 54.18 and a beta of 1.63. The stock’s fifty day moving average price is $44.40 and its 200-day moving average price is $38.94.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The firm had revenue of $848.13 million for the quarter, compared to analysts’ expectations of $771.53 million. Disco had a return on equity of 26.03% and a net margin of 30.95%. Analysts predict that Disco Corp will post 1.07 earnings per share 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.