Disco (OTCMKTS:DSCSY) Issues Quarterly Earnings Results
by Doug Wharley · The Cerbat GemDisco (OTCMKTS:DSCSY – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share for the quarter, Zacks reports. Disco had a return on equity of 25.92% and a net margin of 30.86%.
Disco Price Performance
Shares of DSCSY traded up $2.80 during mid-day trading on Wednesday, reaching $48.73. 3,335 shares of the company’s stock traded hands, compared to its average volume of 334,678. The stock has a market cap of $52.86 billion, a P/E ratio of 60.91 and a beta of 1.60. The stock’s 50-day moving average is $44.68 and its two-hundred day moving average is $37.86. Disco has a 12 month low of $18.30 and a 12 month high of $52.99.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company has a consensus rating of “Strong Buy”.
Get Our Latest Stock Analysis on DSCSY
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.