Disco (OTCMKTS:DSCSY) Shares Gap Down – Should You Sell?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Friday . The stock had previously closed at $38.75, but opened at $37.32. Disco shares last traded at $36.44, with a volume of 32,643 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Disco has an average rating of “Hold”.

Disco Trading Down 4.9%

The firm has a market cap of $39.98 billion, a PE ratio of 44.94 and a beta of 1.50. The company has a 50-day simple moving average of $45.17 and a 200 day simple moving average of $44.31.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.20 earnings per share for the quarter. The company had revenue of $717.28 million during the quarter. Disco had a net margin of 30.95% and a return on equity of 25.27%. On average, equities analysts expect that Disco Corp will post 1.05 earnings per share for the current year.

About Disco

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.