Disco (OTCMKTS:DSCSY) Shares Gap Up – What’s Next?

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $41.07, but opened at $45.68. Disco shares last traded at $44.42, with a volume of 5,208 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One research 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, the company currently has an average rating of “Buy”.

Disco Price Performance

The firm’s 50 day moving average price is $43.65 and its 200-day moving average price is $40.12. The stock has a market cap of $45.68 billion, a P/E ratio of 51.35 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. The company had revenue of $848.13 million for the quarter, compared to the consensus estimate of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 25.27%. On average, analysts expect that Disco Corp will post 1.07 earnings per share for the current year.

Disco Company Profile

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.