Disco (OTCMKTS:DSCSY) Shares Gap Up – What’s Next?

Disco Corp (OTCMKTS:DSCSY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $46.02, but opened at $50.62. Disco shares last traded at $49.9760, with a volume of 13,147 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Disco has a consensus rating of “Buy”.

Disco Price Performance

The stock’s 50-day simple moving average is $43.99 and its 200 day simple moving average is $40.63. The stock has a market capitalization of $54.55 billion, a P/E ratio of 61.33 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. Disco had a net margin of 30.95% and a return on equity of 25.27%. The firm had revenue of $848.13 million during the quarter, compared to analysts’ expectations of $771.53 million. As a group, analysts expect that Disco Corp will post 1.07 earnings per share 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.