Disco (OTCMKTS:DSCSY) Shares Gap Down – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $49.45, but opened at $46.99. Disco shares last traded at $47.17, with a volume of 45,381 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

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Disco Stock Performance

The company has a 50-day simple moving average of $44.51 and a 200-day simple moving average of $38.75. The company has a market cap of $50.90 billion, a price-to-earnings ratio of 57.22 and a beta of 1.63.

Disco (OTCMKTS:DSCSY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a net margin of 30.95% and a return on equity of 26.03%. The company had revenue of $848.13 million during the quarter, compared to the consensus estimate of $771.53 million. As a group, equities research analysts forecast that Disco Corp will post 1.07 EPS for the current year.

Disco Company Profile

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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.

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