Disco (OTCMKTS:DSCSY) Hits New 12-Month High – Here’s Why

Disco Corp (OTCMKTS:DSCSY) reached a new 52-week high during trading on Monday . The stock traded as high as $58.00 and last traded at $55.30, with a volume of 2260 shares changing hands. The stock had previously closed at $52.22.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Disco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Disco currently has an average rating of “Buy”.

Disco Stock Performance

The firm has a fifty day simple moving average of $45.86 and a 200-day simple moving average of $42.02. The company has a market capitalization of $54.73 billion, a PE ratio of 61.52 and a beta of 1.54.

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