Disco (OTCMKTS:DSCSY) Shares Gap Down – Time to Sell?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Tuesday . The stock had previously closed at $48.17, but opened at $44.01. Disco shares last traded at $44.00, with a volume of 9,908 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Disco currently has an average rating of “Buy”.

Disco Price Performance

The firm has a market cap of $46.47 billion, a price-to-earnings ratio of 52.24 and a beta of 1.50. The firm’s 50 day moving average price is $46.39 and its two-hundred day moving average price is $43.18.

Disco (OTCMKTS:DSCSY) last released its quarterly 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 return on equity of 25.27% and a net margin of 30.95%. On average, analysts anticipate that Disco Corp will post 1.05 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.