Disco (OTCMKTS:DSCSY) Sees Strong Trading Volume – Should You Buy?

Disco Corp (OTCMKTS:DSCSY) saw strong trading volume on Friday. Approximately 1,852,478 shares traded hands during mid-day trading, an increase of 551% from the previous session’s volume of 284,689 shares. The stock last traded at $33.50 and had previously closed at $34.55.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Disco from a “hold” rating to a “buy” rating in a research report on Monday, July 27th. Zacks Research raised shares of Disco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Disco Trading Down 3.9%

The stock has a market cap of $36.04 billion, a P/E ratio of 38.18 and a beta of 1.56. The stock’s fifty day moving average price is $36.65 and its 200 day moving average price is $41.49.

Disco (OTCMKTS:DSCSY) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $717.28 million during the quarter. Disco had a return on equity of 26.03% and a net margin of 31.65%. As a group, sell-side analysts forecast that Disco Corp will post 1.11 earnings per share for the current year.

Hedge Funds Weigh In On Disco

A hedge fund recently bought a new position in Disco stock. Azimuth Capital Investment Management LLC purchased a new position in Disco Corp (OTCMKTS:DSCSY) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 237,250 shares of the company’s stock, valued at approximately $11,862,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

Disco Company Profile

DISCO Corporation is a Japan-based manufacturer of precision equipment and tools used in semiconductor and electronic-component manufacturing. The company’s products support the processing of silicon and other hard, brittle materials, including wafer thinning, dicing, grinding, polishing and other precision separation processes.

Its product portfolio includes semiconductor manufacturing equipment, precision processing tools such as diamond wheels and blades, and related equipment and consumables.