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

Shares of Disco Corp (OTCMKTS:DSCSY) gapped up before the market opened on Monday . The stock had previously closed at $40.50, but opened at $42.6050. Disco shares last traded at $43.00, with a volume of 20,220 shares traded.

Disco Stock Up 4.7%

The stock has a 50-day simple moving average of $44.73 and a 200 day simple moving average of $36.92. The company has a market cap of $46.02 billion, a PE ratio of 53.03 and a beta of 1.60.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. The business had revenue of $709.53 million during the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%. As a group, research analysts anticipate that Disco Corp will post 0.7 earnings per share for the current fiscal 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.