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

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Friday . The stock had previously closed at $41.88, but opened at $39.1050. Disco shares last traded at $39.4825, with a volume of 5,736 shares traded.

Wall Street Analyst Weigh In

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 Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Disco Stock Down 2.9%

The business’s fifty day moving average price is $45.60 and its 200 day moving average price is $43.94. The firm has a market capitalization of $44.13 billion, a PE ratio of 49.61 and a beta of 1.50.

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