Disco (OTCMKTS:DSCSY) Shares Gap Up – Still a Buy?

Disco Corp (OTCMKTS:DSCSY) shares gapped up before the market opened on Thursday . The stock had previously closed at $38.52, but opened at $40.85. Disco shares last traded at $40.7725, with a volume of 80,736 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, Disco has a consensus rating of “Buy”.

Disco Stock Down 1.3%

The firm has a market cap of $45.26 billion, a P/E ratio of 50.88 and a beta of 1.63. The firm’s 50-day simple moving average is $43.77 and its 200 day simple moving average is $39.39.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The business had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 25.27%. As a group, analysts forecast that Disco Corp will post 1.07 earnings per share for the current 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.