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

Disco Corp (OTCMKTS:DSCSY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $40.80, but opened at $45.4999. Disco shares last traded at $45.05, with a volume of 1,223,996 shares changing hands.

Wall Street Analyst Weigh In

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

Disco Trading Up 7.7%

The company’s fifty day moving average is $31.48 and its 200 day moving average is $30.85. The company has a market cap of $47.66 billion, a P/E ratio of 57.08 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. Disco had a net margin of 30.85% and a return on equity of 26.06%. The business had revenue of $709.53 million during the quarter. Analysts anticipate that Disco Corp will post 0.7 EPS 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.