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

Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Tuesday . The stock had previously closed at $43.04, but opened at $41.2550. Disco shares last traded at $41.28, with a volume of 51,585 shares trading hands.

Disco Stock Performance

The company has a market capitalization of $46.11 billion, a PE ratio of 53.14 and a beta of 1.53. The stock has a 50 day moving average price of $44.66 and a two-hundred day moving average price of $36.25.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings results on Wednesday, January 21st. The company reported $0.22 EPS for the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%.The business had revenue of $709.53 million during the quarter. Sell-side 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.