Disco (OTCMKTS:DSCSY) Shares Gap Up – Should You Buy?

Disco Corp (OTCMKTS:DSCSY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $41.07, but opened at $45.68. Disco shares last traded at $44.42, with a volume of 5,208 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Disco currently has an average rating of “Buy”.

Disco Stock Up 2.3%

The company has a market capitalization of $48.04 billion, a PE ratio of 54.01 and a beta of 1.54. The stock has a 50-day moving average of $43.59 and a 200 day moving average of $40.01.

Disco (OTCMKTS:DSCSY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 EPS for the quarter. The company had revenue of $848.13 million during the quarter, compared to the consensus estimate of $771.53 million. Disco had a return on equity of 25.27% and a net margin of 30.95%. Equities analysts forecast that Disco Corp will post 1.07 EPS for the current fiscal year.

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.