Disco (OTCMKTS:DSCSY) Shares Gap Up – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY) shares gapped up prior to trading on Monday . The stock had previously closed at $41.16, but opened at $45.33. Disco shares last traded at $46.55, with a volume of 11,942 shares.

Analyst Upgrades and Downgrades

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

Disco Trading Up 4.5%

The company has a 50 day moving average price of $34.91 and a 200-day moving average price of $32.03. The company has a market cap of $51.35 billion, a P/E ratio of 59.19 and a beta of 1.54.

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