Disco (OTCMKTS:DSCSY) Shares Gap Down – Should You Sell?

Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Tuesday . The stock had previously closed at $48.17, but opened at $44.01. Disco shares last traded at $44.00, with a volume of 9,908 shares changing hands.

Wall Street Analysts Forecast Growth

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 Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Disco Trading Down 1.2%

The firm has a market capitalization of $46.32 billion, a P/E ratio of 52.07 and a beta of 1.50. The company has a 50-day moving average of $46.25 and a 200-day moving average of $43.38.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The firm had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. Disco had a return on equity of 25.27% and a net margin of 30.95%. Research analysts predict that Disco Corp will post 1.05 EPS for the current 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.