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

Disco Corp (OTCMKTS:DSCSY) gapped up before the market opened on Wednesday . The stock had previously closed at $44.73, but opened at $46.79. Disco shares last traded at $45.50, with a volume of 27,372 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised 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 one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Disco Trading Up 1.9%

The business has a 50-day moving average price of $42.73 and a 200-day moving average price of $35.05. The stock has a market cap of $49.61 billion, a PE ratio of 57.16 and a beta of 1.53.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Wednesday, January 21st. The company reported $0.22 EPS for the quarter. The firm had revenue of $709.53 million for the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%. Equities analysts expect 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.