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

Disco Corp (OTCMKTS:DSCSY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $38.75, but opened at $37.32. Disco shares last traded at $36.44, with a volume of 32,643 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Disco Stock Down 6.1%

The company has a 50 day simple moving average of $45.07 and a 200-day simple moving average of $44.26. The stock has a market cap of $39.46 billion, a price-to-earnings ratio of 41.81 and a beta of 1.50.

Disco (OTCMKTS:DSCSY) last released its earnings results on Thursday, July 23rd. The company reported $0.20 EPS for the quarter. The company had revenue of $717.28 million for the quarter. Disco had a return on equity of 26.08% and a net margin of 31.65%. On average, equities research 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.