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

Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Monday . The stock had previously closed at $49.45, but opened at $46.99. Disco shares last traded at $47.17, with a volume of 45,381 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Disco Stock Down 3.4%

The business has a fifty day moving average of $44.34 and a 200 day moving average of $39.02. The firm has a market cap of $49.37 billion, a P/E ratio of 55.50 and a beta of 1.63.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The business had revenue of $848.13 million during the quarter, compared to the consensus estimate of $771.53 million. Disco had a return on equity of 26.03% and a net margin of 30.95%. On average, sell-side analysts expect that Disco Corp will post 1.07 EPS 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.