Disco (OTCMKTS:DSCSY) Shares Gap Up – Here’s Why

Shares of Disco Corp (OTCMKTS:DSCSY) gapped up prior to trading on Tuesday . The stock had previously closed at $41.40, but opened at $44.5799. Disco shares last traded at $42.34, with a volume of 24,098 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Disco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Disco currently has a consensus rating of “Moderate Buy”.

Disco Stock Performance

The firm has a 50 day moving average price of $33.77 and a two-hundred day moving average price of $31.65. The company has a market cap of $45.30 billion, a P/E ratio of 52.22 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, January 21st. The company reported $0.22 EPS for the quarter. The business had revenue of $709.53 million for the quarter. Disco had a net margin of 30.86% and a return on equity of 26.21%. On average, sell-side analysts predict that Disco Corp will post 0.7 EPS for the current fiscal 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.