Disco (OTCMKTS:DSCSY) Issues Quarterly Earnings Results

Disco (OTCMKTS:DSCSY) released its quarterly earnings data on Wednesday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Disco had a return on equity of 26.06% and a net margin of 30.85%.

Disco Stock Performance

DSCSY stock traded up $2.72 during mid-day trading on Wednesday, reaching $39.50. 143,713 shares of the stock traded hands, compared to its average volume of 254,668. Disco has a one year low of $16.10 and a one year high of $39.50. The stock has a market capitalization of $42.84 billion, a PE ratio of 51.30 and a beta of 1.54. The business has a 50-day moving average price of $31.29 and a two-hundred day moving average price of $30.78.

Analyst Ratings Changes

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

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.