Disco (OTCMKTS:DSCSY) Issues Earnings Results

Disco (OTCMKTS:DSCSY) issued its earnings results on Wednesday. The company reported $0.22 EPS for the quarter, Zacks reports. Disco had a net margin of 30.85% and a return on equity of 26.06%.

Disco Stock Up 10.9%

Shares of OTCMKTS:DSCSY opened at $40.80 on Thursday. The firm has a 50 day moving average of $31.48 and a 200 day moving average of $30.85. The company has a market capitalization of $44.25 billion, a price-to-earnings ratio of 52.99 and a beta of 1.54. Disco has a 52 week low of $16.10 and a 52 week high of $41.50.

Wall Street Analyst Weigh In

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

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.