Disco (OTCMKTS:DSCSY) Shares Gap Down – Time to Sell?

Disco Corp (OTCMKTS:DSCSY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $55.39, but opened at $49.88. Disco shares last traded at $50.3550, with a volume of 140,607 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Disco currently has an average rating of “Buy”.

Disco Stock Down 2.7%

The firm has a market capitalization of $53.24 billion, a PE ratio of 59.85 and a beta of 1.54. The stock has a 50-day moving average price of $45.98 and a 200 day moving average price of $42.17.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%.The firm had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. As a group, equities analysts predict that Disco Corp will post 1.05 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.