Disco (OTCMKTS:DSCSY) Stock Price Up 8.4% – Time to Buy?

Disco Corp (OTCMKTS:DSCSY) was up 8.4% during mid-day trading on Thursday . The company traded as high as $46.29 and last traded at $46.29. Approximately 43,887 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 297,534 shares. The stock had previously closed at $42.70.

Analyst Ratings Changes

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

Disco Trading Down 0.0%

The stock has a market cap of $49.27 billion, a P/E ratio of 55.39 and a beta of 1.50. The firm’s fifty day moving average is $46.19 and its 200 day moving average is $43.51.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $848.13 million during the quarter, compared to analysts’ expectations of $771.53 million. Disco had a net margin of 30.95% and a return on equity of 25.27%. Research analysts forecast that Disco Corp will post 1.05 earnings per share 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.