Disco (OTCMKTS:DSCSY) Stock Price Up 8.4% – Should You Buy?

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

Wall Street Analyst Weigh In

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

Disco Stock Performance

The stock has a 50-day moving average of $46.25 and a two-hundred day moving average of $43.38. The company has a market cap of $49.31 billion, a P/E ratio of 55.43 and a beta of 1.50.

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