Disco (OTCMKTS:DSCSY) Posts Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) posted its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, Zacks reports. Disco had a net margin of 30.95% and a return on equity of 25.27%.

Disco Stock Down 1.3%

Shares of Disco stock traded down $0.56 on Thursday, hitting $41.00. The company’s stock had a trading volume of 757,672 shares, compared to its average volume of 300,656. Disco has a 52-week low of $24.94 and a 52-week high of $58.00. The company has a market capitalization of $44.48 billion, a P/E ratio of 50.00 and a beta of 1.50. The firm has a fifty day moving average price of $45.29 and a 200-day moving average price of $44.26.

Wall Street Analysts Forecast Growth

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

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.