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

Disco Corp (OTCMKTS:DSCSY) gapped up prior to trading on Thursday . The stock had previously closed at $42.59, but opened at $45.41. Disco shares last traded at $43.25, with a volume of 16,388 shares changing hands.

Disco Stock Down 5.1%

The firm has a fifty day moving average of $44.31 and a 200-day moving average of $35.82. The firm has a market cap of $44.49 billion, a P/E ratio of 51.26 and a beta of 1.53.

Disco (OTCMKTS:DSCSY) last posted its quarterly earnings results on Wednesday, January 21st. The company reported $0.22 earnings per share for the quarter. Disco had a return on equity of 25.92% and a net margin of 30.86%.The firm had revenue of $709.53 million for the quarter. On average, equities analysts forecast that Disco Corp will post 0.7 EPS 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.