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

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $35.99, but opened at $38.75. Disco shares last traded at $37.80, with a volume of 5,639 shares changing hands.

Analysts Set New Price Targets

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

Disco Stock Up 0.2%

The firm has a market capitalization of $41.16 billion, a price-to-earnings ratio of 49.29 and a beta of 1.54. The stock has a 50 day moving average of $31.07 and a 200 day moving average of $30.64.

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