Disco (OTCMKTS:DSCSY) Announces Earnings Results

Disco (OTCMKTS:DSCSY) released its earnings results on Thursday. The company reported $0.20 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 DSCSY stock traded down $0.08 on Thursday, hitting $41.48. The company had a trading volume of 724,791 shares, compared to its average volume of 299,619. Disco has a twelve month low of $24.94 and a twelve month high of $58.00. The firm has a market cap of $45.00 billion, a P/E ratio of 50.59 and a beta of 1.50. The company has a 50-day moving average price of $45.29 and a 200-day moving average price of $44.26.

Analyst Ratings Changes

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

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.