Disco (OTCMKTS:DSCSY) Shares Gap Down – What’s Next?

Disco Corp (OTCMKTS:DSCSY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $41.88, but opened at $39.1050. Disco shares last traded at $39.4825, with a volume of 5,736 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of 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 data from MarketBeat, Disco has a consensus rating of “Hold”.

Disco Stock Down 3.7%

The stock has a market capitalization of $43.76 billion, a PE ratio of 49.19 and a beta of 1.50. The firm has a 50 day moving average price of $45.77 and a 200 day moving average price of $43.97.

Disco (OTCMKTS:DSCSY) last announced its earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%.The company had revenue of $848.13 million for the quarter, compared to analysts’ expectations of $771.53 million. On average, equities analysts forecast that Disco Corp will post 1.05 earnings per share 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.