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

Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Monday . The stock had previously closed at $44.77, but opened at $40.4660. Disco shares last traded at $40.56, with a volume of 5,864 shares changing hands.

Wall Street Analyst Weigh In

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

Disco Stock Performance

The firm’s fifty day moving average price is $43.99 and its 200 day moving average price is $39.26. The firm has a market cap of $41.79 billion, a P/E ratio of 46.98 and a beta of 1.63.

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