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

Disco Corp (OTCMKTS:DSCSY) gapped down before the market opened on Monday . The stock had previously closed at $44.77, but opened at $40.4660. Disco shares last traded at $40.56, with a volume of 5,864 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Disco currently has a consensus rating of “Strong Buy”.

Disco Price Performance

The firm has a market capitalization of $43.32 billion, a P/E ratio of 48.70 and a beta of 1.63. The stock’s fifty day simple moving average is $44.20 and its 200 day simple moving average is $39.22.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The business had revenue of $848.13 million during the quarter, compared to the consensus estimate of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 26.03%. As a group, sell-side analysts forecast that Disco Corp will post 1.07 EPS 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.