Disco (OTCMKTS:DSCSY) Issues Earnings Results

Disco (OTCMKTS:DSCSY) announced its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, Zacks reports. Disco had a net margin of 30.95% and a return on equity of 25.27%.

Disco Stock Down 0.2%

Shares of Disco stock traded down $0.08 during mid-day trading on Thursday, reaching $41.48. 724,791 shares of the stock traded hands, compared to its average volume of 299,619. The stock has a market capitalization of $45.00 billion, a PE ratio of 50.59 and a beta of 1.50. The business has a 50-day moving average of $45.29 and a 200 day moving average of $44.26. Disco has a fifty-two week low of $24.94 and a fifty-two week high of $58.00.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Disco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Disco presently has an average rating of “Hold”.

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.