Disco (OTCMKTS:DSCSY) Shares Gap Down – Here’s What Happened

Disco Corp (OTCMKTS:DSCSY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $44.50, but opened at $42.96. Disco shares last traded at $43.37, with a volume of 41,234 shares.

Disco Stock Down 3.0%

The firm has a market capitalization of $46.82 billion, a price-to-earnings ratio of 53.95 and a beta of 1.53. The company’s fifty day moving average is $43.74 and its two-hundred day moving average is $35.52.

Disco (OTCMKTS:DSCSY) last released its earnings results on Wednesday, January 21st. The company reported $0.22 EPS for the quarter. Disco had a net margin of 30.86% and a return on equity of 25.92%. The firm had revenue of $709.53 million during the quarter. On average, equities research analysts expect 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.