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

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Wednesday . The stock had previously closed at $46.2850, but opened at $44.70. Disco shares last traded at $44.39, with a volume of 24,438 shares traded.

Disco Stock Performance

The firm’s 50 day moving average price is $44.60 and its 200-day moving average price is $37.40. The firm has a market capitalization of $48.10 billion, a PE ratio of 55.43 and a beta of 1.60.

Disco (OTCMKTS:DSCSY) last posted its earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter. Disco had a net margin of 30.86% and a return on equity of 25.92%. The business had revenue of $709.53 million for the quarter. On average, equities research analysts expect that Disco Corp will post 0.7 earnings per share 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.