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

Disco Corp (OTCMKTS:DSCSY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $49.14, but opened at $52.91. Disco shares last traded at $51.49, with a volume of 95,067 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment 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 has a consensus rating of “Buy”.

Disco Stock Performance

The company has a market cap of $56.08 billion, a price-to-earnings ratio of 63.05 and a beta of 1.54. The firm’s 50 day simple moving average is $45.98 and its 200-day simple moving average is $42.17.

Disco (OTCMKTS:DSCSY) last issued its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%.The business had revenue of $848.13 million for the quarter, compared to analysts’ expectations of $771.53 million. As a group, sell-side analysts expect that Disco Corp will post 1.05 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.