Disco (OTCMKTS:DSCSY) Hits New 12-Month High – What’s Next?

Disco Corp (OTCMKTS:DSCSY) hit a new 52-week high during trading on Wednesday . The company traded as high as $39.50 and last traded at $39.50, with a volume of 143713 shares trading hands. The stock had previously closed at $36.78.

Analysts Set New Price Targets

Separately, Zacks Research raised Disco from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Disco Price Performance

The stock has a fifty day moving average price of $32.00 and a 200 day moving average price of $31.04. The stock has a market capitalization of $46.09 billion, a P/E ratio of 53.13 and a beta of 1.54.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, January 21st. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $709.53 million for the quarter. Disco had a return on equity of 26.21% and a net margin of 30.86%. Research analysts anticipate that Disco Corp will post 0.7 earnings per share 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.