Disco (OTCMKTS:DSCSY) Trading Down 8.1% – What’s Next?

Disco Corp (OTCMKTS:DSCSY)’s stock price was down 8.1% during trading on Thursday . The stock traded as low as $38.20 and last traded at $38.20. Approximately 1,164,443 shares were traded during trading, an increase of 285% from the average session volume of 302,585 shares. The stock had previously closed at $41.56.

Analysts Set New Price Targets

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

Disco Stock Down 6.1%

The company’s 50-day moving average is $45.07 and its 200 day moving average is $44.26. The company has a market cap of $39.46 billion, a price-to-earnings ratio of 41.81 and a beta of 1.50.

Disco (OTCMKTS:DSCSY) last posted its earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a net margin of 31.65% and a return on equity of 26.08%. The business had revenue of $717.28 million for the quarter. Analysts predict 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.