Disco (OTCMKTS:DSCSY) Shares Gap Down – Time to Sell?
by Doug Wharley · The Cerbat GemDisco Corp (OTCMKTS:DSCSY – Get Free Report)’s share price gapped down prior to trading 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 traded.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has an average rating of “Strong Buy”.
Get Our Latest Stock Analysis on DSCSY
Disco Price Performance
The stock’s fifty day moving average price is $44.20 and its 200 day moving average price is $39.22. The stock has a market capitalization of $43.32 billion, a P/E ratio of 48.70 and a beta of 1.63.
Disco (OTCMKTS:DSCSY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The firm had revenue of $848.13 million for the quarter, compared to analysts’ expectations of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 26.03%. On average, sell-side analysts expect that Disco Corp will post 1.07 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.