Disco Corp (OTCMKTS:DSCSY – Get Free Report)’s share price dropped 8.1% during mid-day trading on Thursday . The stock traded as low as $38.20 and last traded at $38.20. Approximately 1,164,443 shares traded hands during mid-day trading, an increase of 285% from the average session volume of 302,585 shares. The stock had previously closed at $41.56.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Stock Analysis on Disco
Disco Stock Down 8.1%
Disco (OTCMKTS:DSCSY – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%. On average, sell-side analysts predict that Disco Corp will post 1.05 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.
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