Disco (OTCMKTS:DSCSY) Shares Gap Down – What’s Next?

Disco Corp (OTCMKTS:DSCSY) shares gapped down before the market opened on Friday . The stock had previously closed at $41.88, but opened at $39.1050. Disco shares last traded at $39.4825, with a volume of 5,736 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Disco presently has a consensus rating of “Hold”.

Disco Price Performance

The stock has a fifty day moving average of $45.77 and a 200 day moving average of $43.97. The firm has a market capitalization of $43.76 billion, a P/E ratio of 49.19 and a beta of 1.50.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. The business had revenue of $848.13 million for 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%. Equities analysts forecast that Disco Corp will post 1.05 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.