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

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $36.69, but opened at $34.73. Disco shares last traded at $36.42, with a volume of 18,216 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Disco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Disco presently has an average rating of “Moderate Buy”.

Disco Price Performance

The firm has a 50 day moving average of $30.66 and a 200-day moving average of $30.43. The stock has a market capitalization of $39.16 billion, a P/E ratio of 46.89 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last issued its earnings results on Wednesday, October 29th. The company reported $0.20 EPS for the quarter. The firm had revenue of $709.55 million during the quarter. Disco had a return on equity of 26.06% and a net margin of 30.85%. As a group, equities analysts expect that Disco Corp will post 0.7 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.