Disco (OTCMKTS:DSCSY) Shares Gap Down – Time to Sell?

Shares of Disco Corp (OTCMKTS:DSCSY) gapped down prior to trading on Wednesday . The stock had previously closed at $48.50, but opened at $45.69. Disco shares last traded at $46.79, with a volume of 24,836 shares changing hands.

Wall Street Analysts Forecast Growth

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

Disco Stock Performance

The firm has a market capitalization of $51.24 billion, a price-to-earnings ratio of 59.06 and a beta of 1.54. The business’s 50 day moving average is $37.63 and its 200-day moving average is $33.00.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. Disco had a net margin of 30.86% and a return on equity of 25.92%. The firm had revenue of $709.53 million during the quarter. Equities research analysts forecast that Disco Corp will post 0.7 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.